Why Peloton and TaskUs Led the Nasdaq Lower Again Thursday

The stock market has been turbulent in 2022, and several attempts to rebound have been met with resistance. That was the case again for the Nasdaq Composite (NASDAQINDEX: ^IXIC) on Thursday, as the index had been up significantly for most of the session before falling sharply in the last hour of trading. By the end of the day, the Nasdaq lost 186 points, or 1.3%, to 14,154.

There were plenty of big decliners on the Nasdaq on Thursday, but two of the worst were Peloton Interactive (NASDAQ: PTON) and TaskUs (NASDAQ: TASK). Both stocks came into the day having already seen big declines from their levels just a couple of months ago, but additional bad news worsened sentiment even more. Here are the details.

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Source Fool.com