These 2 Surprising Nasdaq Stocks Are Soaring in a Down Market
The stock market has seen a pattern emerge lately. On many days, the Nasdaq Composite (NASDAQINDEX: ^IXIC) is lagging the rest of the market. That was the case on Friday, as the Nasdaq was down about 1% at 12:45 p.m. EST even as other benchmarks were modestly higher on the day.
Many of the favorite tech stocks among investors were down on Friday, and that's helping to lead the Nasdaq lower. However, there's a surprising area of the market that's actually doing well, and it's boosting the prospects for Nasdaq stocks in that industry. Media stocks are rising on optimistic outlooks, and two in particular are seeing big gains.
Shares of ViacomCBS (NASDAQ: VIAC) were up another 9% on Friday near midday. That sent the media giant to another record high, and it continued a long string of gains for the stock.
Source Fool.com
