Why These 2 High-Growth Favorites Lifted the Nasdaq Monday
Stock markets have been hitting record highs lately, but the Nasdaq Composite (NASDAQINDEX: ^IXIC) has lagged behind. Even on Monday afternoon, when the Nasdaq was up 0.2% as of 1:30 p.m. EDT, the favorite benchmark among high-growth investors still languished almost 5% below its recent all-time highs.
Nevertheless, many of the growth stocks in the Nasdaq are performing well to start the new week, and investors have high hopes that they could provide the leadership to send the index to record levels once again. Below, we'll look more closely to see why Align Technology (NASDAQ: ALGN) and Datadog (NASDAQ: DDOG) posted sizable gains on Monday.
Shares of Align Technology were up nearly 4% Monday afternoon. The maker of Invisalign clear aligners for orthodontic work got good news that should result in a nice boost to an already impressive cash award resulting from disputes against a key competitor.
Source Fool.com
