If You Thought These 2 Big Nasdaq Winners Were Done, Think Again
Volatility has returned to the stock market, but finally, the Nasdaq Composite (NASDAQINDEX: ^IXIC) is starting to make waves once again. The tech-heavy index is making a run toward all-time highs, trading within 1% of its high-water mark on Monday afternoon. As of just before 2 p.m. EDT today, the Nasdaq was higher by three-quarters of a percent.
It wasn't that long ago that investors figured that stocks of COVID-19 vaccine manufacturers had already seen their best days. Companies like Moderna (NASDAQ: MRNA) and BioNTech (NASDAQ: BNTX) had seen their share prices start to give up ground as many believed that a vaccinated world would eventually cause revenue and profits to dry up for the vaccine makers. Now, though, it's becoming increasingly clear that the two companies could well have a much brighter future than many had thought.
Shares of the vaccine manufacturers were among the leaders on the Nasdaq today. Moderna's gains amounted to more than 5%, while BioNTech boasted gains of 6% or more on the day.
Source Fool.com
