The Nasdaq's Soaring and Investors Are Watching These 2 Winning Stocks
The stock market continued to move higher on Friday, building on its rebound from heavy losses earlier in the week. The Nasdaq Composite (NASDAQINDEX: ^IXIC) has faced an uphill battle lately as investors are losing confidence in some of the high-growth stocks that led the rally in 2020 and early 2021. However, the Nasdaq is leading the charge on Friday, rising more than 2% as of 1 p.m. EDT.
There were a couple of Nasdaq stocks that had noteworthy performances on Friday. Airbnb (NASDAQ: ABNB) initially lost ground after it reported its first-quarter financial results late Thursday, but the stock has now rebounded to move higher. Meanwhile, Plug Power (NASDAQ: PLUG) has plugged into the red-hot electric-vehicle and fuel-cell technology arena, and investors hope that the company will be able to keep making progress toward long-term solutions that will boost sales and profits.
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