You Might Be Surprised What's Holding Up the Nasdaq Today
The stock market's volatility has ramped up another level, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) remains in the crosshairs of many investors' scorn. Early on Tuesday, the Nasdaq fell sharply, losing more than 2% right out of the gate. However, by 3 p.m. EDT, the index had recovered to just a 0.1% loss, far outpacing the bigger declines for most other stock market benchmarks.
It's been a frustrating period for growth stock investors, especially among technology companies that have seen such huge gains in the past year. Yet at least on Tuesday, the Nasdaq actually got a lot of support from those high-growth stocks. Below, we'll look more closely at what helped the Nasdaq avoid the steep losses that other stock market indexes suffered.
Image source: Zoom Video Communications.
Source Fool.com
