Will the Nasdaq's Recovery Last?
The stock market managed to regain some of its lost ground on Thursday morning, but the Nasdaq Composite (NASDAQINDEX: ^IXIC) wasn't able to deliver the confident bounce that many investors would've preferred to see. As of noon EDT, the Nasdaq was up just half a percent after having risen more than 1.5% earlier in the day. Investors in growth stocks appear reluctant to conclude that the volatility that the Nasdaq has endured recently has fully run its course, and that might be why gains faded toward midday.
Part of the problem is that some smaller Nasdaq stocks continue to fall regardless of whether their financial reports are good or bad. Both Bumble (NASDAQ: BMBL) and Poshmark (NASDAQ: POSH) joined the list of companies that have issued their latest results, and both stocks were sharply lower even though each had some fundamental successes in their respective businesses.
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Source Fool.com
