Nvidia Leads the Nasdaq Higher, But This Winner's More of a Surprise
Volatility has been rampant on Wall Street in 2022, but it hasn't all been directed to the downside. Tuesday's big move higher stemmed from more positive news on the geopolitical front, overwhelming further troubling news on inflation that could weigh on longer-term prospects for the economy. As of 2 p.m. ET, the Nasdaq Composite (NASDAQINDEX: ^IXIC) was up more than 2%.
One key gainer in the Nasdaq was Nvidia (NASDAQ: NVDA), which continued to regain ground after a sharp drop since November. However, even though it had a smaller gain on Tuesday, the rise in shares of international hospitality company Marriott (NASDAQ: MAR) was arguably a stronger indicator of the resiliency of the economy and the market. Let's take a closer look at both companies below.
Shares of Nvidia were up more than 8% on Tuesday afternoon. The company benefited from more favorable sentiment about the semiconductor industry writ large, with a host of factors helping stocks like Nvidia.
Source Fool.com
