Beyond Meat Keeps Nasdaq Healthy; Nikola Takes Another Hit

Wall Street seemed ready to take a rest day on Tuesday, following a big move higher for the stock market on Monday. But the Nasdaq Composite (NASDAQINDEX: ^IXIC) was having none of it, clawing back from modest losses to push into positive territory just before 3 p.m. EDT.

The Nasdaq's most innovative stocks have played a key role in contributing to the market's success in 2020. Many of those companies are tech stocks, but today, plant-based protein specialist Beyond Meat (NASDAQ: BYND) did its part to lift the Nasdaq. Meanwhile, Nikola (NASDAQ: NKLA) suffered another down day as more discouraging news emerged about the electric vehicle maker and its founder.

Beyond Meat's stock was up 10% shortly before 3 p.m. EDT today. The meat-alternative company had good news about one of its key distribution contracts.

Source Fool.com