These 2 Nasdaq Stocks Are Exciting Shareholders Friday
Stocks were mixed on Wall Street on Friday morning, as different parts of the market had disparate performances. Weakness in the Nasdaq Composite (NASDAQINDEX: ^IXIC) showed the less-upbeat sentiment toward growth-oriented stocks that's prevailing right now, as the index was down half a percent as of 11 a.m. EDT, even as other benchmarks were gaining ground.
Nevertheless, there were a couple of noteworthy Nasdaq stocks that had much better performance than the overall index. Earnings helped push shares of Seagate Technology (NASDAQ: STX) and SVB Financial (NASDAQ: SIVB) higher, and their influence could be a long-term positive for the market, as a whole. Read on for the details.
Shares of Seagate Technology were up more than 5% on Friday morning. The maker of storage devices has benefited from favorable trends driving more big companies to beef up their data centers to take advantage of cloud-computing's efficiency gains.
Source Fool.com
