Stock Market News: Enphase Powers Up; Virgin Galactic Launches Higher
Wall Street saw a modest rebound on Wednesday morning, as market participants got somewhat more comfortable with the potential impact of the COVID-19 outbreak on the global economy. Investors have been engaged in a tug of war between bullish and bearish camps about what the illness could do to business activity both in hard-hit areas like China and elsewhere across the globe.
As of 11 a.m. EST today, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 80 points to 29,312. The S&P 500 (SNPINDEX: ^GSPC) rose 15 points to 3,385, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) picked up 71 points to 9,804.
Even as the broader market has been turbulent, some favored high-momentum stocks have stayed largely positive for quite a while now. Enphase Energy (NASDAQ: ENPH) has been a big winner lately, and it got good news from a favorable earnings report. Meanwhile, Virgin Galactic Holdings (NYSE: SPCE) continued its stratospheric ascent, and few seem willing to put any ceiling on just how high the stock could go in the long run.
Source Fool.com
