Blame These 4 Stocks for the Nasdaq's Disappointing Monday
Ordinarily, investors wouldn't complain about an up day. But for the Nasdaq Composite (NASDAQINDEX: ^IXIC), Monday's tepid gains were downright awful compared to the massive gains from the Dow Jones Industrial Average -- which was in the process of putting up one of its best point-gain totals in history on news of promising results on a COVID-19 vaccine candidate. As of 3 p.m. EST, the Nasdaq was up just 0.12%, compared to a nearly 1,250-point jump for the Dow, working out to 4.3%.
The problem investors in the Nasdaq Composite face is that part of the reason that the index has done so well in 2020 is because many of constituents actually found ways to do well during the COVID-19 pandemic. Now, the prospects of things going back to normal spurred shareholders to think twice about holding onto shares. In particular, four Nasdaq stocks struggled on an otherwise extraordinary day for the markets.
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Source Fool.com
