Nasdaq Gets Choppy as Top Stocks Correct; Michael Jordan Lifts DraftKings
The Nasdaq Composite (NASDAQINDEX: ^IXIC) has been on a massive record run lately, with huge gains in 2020 even as the rest of the market suffered more dramatically from the COVID-19 pandemic. With those big gains, though, can come equally extreme volatility. Wednesday, that's what Nasdaq investors saw, as early gains quickly evaporated before the index pushed back into positive territory shortly after 10:30 a.m. EDT.
Many of the stocks that helped get the Nasdaq where it is today had sizable pullbacks Wednesday morning. Yet bucking the trend was sports betting company DraftKings (NASDAQ: DKNG), which signed on a key endorsement from an NBA legend.
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Source Fool.com
