Facebook Sends Nasdaq to New Record; Plug Power Looks to Tap Into EV Craze
All-time records have become par for the course for the Nasdaq Composite, and Thursday was no exception. After starting off the day on a neutral footing, the tech-heavy index gained ground throughout the day. By the close, both the Composite and the Nasdaq-100 Index were up 1% or more.
Facebook (NASDAQ: FB) is among the most valuable stocks that trade on the Nasdaq, and a big gain today helped set the tone for the entire market. Among smaller stocks, Plug Power (NASDAQ: PLUG) has spent years trying to live up to its full potential, and shareholders now believe that applications for commercial electric vehicles might finally be what the fuel cell company needs in order to move forward.
Shares of Facebook were higher by nearly 7% on Thursday. The social media giant has come under fire on multiple fronts, but it did several things to respond to those criticisms.
Source Fool.com
