Why Trade Desk and Magnite Brought Down the Nasdaq Monday
Investors have been having a tough time with the Nasdaq Composite (NASDAQINDEX: ^IXIC) lately. After blockbuster performance in 2020, the growth stock-laden benchmark has often missed out on market rallies elsewhere. On Monday, for instance, the Nasdaq fell 1.25% as of noon EDT, even as some other market indexes rocketed higher to new all-time records.
The Nasdaq has often suffered when important companies have given investors bad news. That was the case on Monday morning, as shareholders in The Trade Desk (NASDAQ: TTD) reacted negatively to the programmatic advertising specialist's latest financial report. Below, we'll look at what The Trade Desk said and why it helped pull fellow ad company Magnite (NASDAQ: MGNI) and the entire Nasdaq lower.
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Source Fool.com
