Why Bed Bath & Beyond and The Honest Company Moved the Nasdaq Friday
The stock market has done well over the past couple of weeks, but volatile macroeconomic conditions once again led investors in the Nasdaq Composite (NASDAQINDEX: ^IXIC) to get a little worried. Increasingly, economists believe that the Federal Reserve will be extremely aggressive in raising interest rates in order to fight inflation, and the resulting turmoil in the bond market is spilling over into the valuations of some high-growth stocks. By 11:30 a.m. ET, the Nasdaq was down more than 1% after having been up earlier in the session.
Individual stocks were mixed, though, and Bed Bath & Beyond (NASDAQ: BBBY) moved higher after making progress toward appeasing one of its most ardent critics. However, The Honest Company (NASDAQ: HNST) suffered a big decline after releasing its most recent financial results. Let's take a closer look at both of these stocks and why they were in the news Friday.
Image source: Getty Images.
Source Fool.com
