2 Nasdaq Stocks Taking Big Strides Forward
The Nasdaq Composite (NASDAQINDEX: ^IXIC) has had a tough year in 2022, with sharply rising interest rates hitting many high-growth stocks hard. On Tuesday morning, though, news that November inflation figures weren't as bad as some had expected sent the Nasdaq soaring, with futures contracts rising 4% just before the market opened.
A couple of companies played key roles in helping to boost the Nasdaq on Tuesday. Moderna (NASDAQ: MRNA) has been looking to build on the foundation that its COVID-19 vaccine success brought it, and favorable study results suggest that it could have another path toward longer-term growth in the immediate future. Meanwhile, First Solar (NASDAQ: FSLR) has seen its fortunes rise as solar stocks have come back into the spotlight, and a whole new group of investors will be taking a closer look at First Solar shares after a key move from a well-regarded investing institution.
Shares of Moderna jumped 11% in premarket trading Tuesday morning. The biotech company reported promising study results along with clinical partner Merck (NYSE: MRK) that could revolutionize disease treatment.
Source Fool.com
