Investors Turn to These 2 Nasdaq Stocks As the Market Falls
The day after Thanksgiving is traditionally a quiet one on Wall Street. However, news doesn't stop just because it's a holiday, and new fears have futures contracts on U.S. stock market benchmarks down between 1% and 3% heading into Friday's holiday-shortened session. The Nasdaq Composite (NASDAQINDEX: ^IXIC) was holding up better than most of its peers, with futures falling 165 points to 16,201 as of 9 a.m. ET.
The threat of a new and potentially more infectious COVID-19 variant led to a rapid response from many governments around the world, prompting travel restrictions on those from South Africa, where the new variant first appeared. Yet even as many stocks fell sharply at the prospect of potentially seeing renewed economic and travel restrictions, Moderna (NASDAQ: MRNA) and Zoom Video Communications (NASDAQ: ZM) saw big gains in pre-market trading. Below, we'll take a closer look at the moves and how they might play out in the broader context of these businesses' long-term plans.
Shares of Moderna were up more than 13% on Friday morning. That continued a bounce that had started shortly after the vaccine maker's nearly 40% plunge in early November.
Source Fool.com
