Why Zoom, Meta Pulled the Nasdaq in Different Directions Tuesday
The stock market hasn't been able to put together a convincing rally for a long time, and Tuesday brought another disappointment. After strong gains on Monday, the Nasdaq Composite (NASDAQINDEX: ^IXIC) didn't look like it would be able to sustain gains on Tuesday morning. As of 8 a.m. ET, futures on the Nasdaq were down almost 1.5%.
Good news from Zoom Video Communications (NASDAQ: ZM) seemed ready to put a positive spin on the prospects for high-growth stocks, especially given how badly the video collaboration software specialist had gotten hit over the past year. However, big-name companies with greater weightings in the Nasdaq kept hurting the index's performance, with Meta Platforms (NASDAQ: FB) playing an especially large role.
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Source Fool.com
