These 2 Nasdaq Stocks Made Big Moves Thursday
Stock market volatility has become the nature of the beast on Wall Street, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) showed some of the impacts of that volatility on Thursday. The index opened sharply higher, but the broader market gave up its gains later in the session. By 12:30 p.m. EDT today, the Nasdaq was down about a quarter-percent, which was enough to actually lead major benchmarks.
Earnings season won't officially start for another week or two, but there were still some high-profile Nasdaq names giving their latest results on Thursday. Bed Bath & Beyond (NASDAQ: BBBY) released troubling numbers that sent the stock falling sharply, but Paychex (NASDAQ: PAYX) managed to move higher. Below, we'll look more closely at both stocks.
Shares of Bed Bath & Beyond had dropped 23% by early afternoon. The household goods specialist reported quarterly results that raised new questions about its long-term viability in an increasingly competitive retail landscape.
Source Fool.com
