These 2 Nasdaq Stocks Tell the Tale of 2 Markets
The stock market had another day of relatively quiet trading on Friday. Once again, the Nasdaq Composite (NASDAQINDEX: ^IXIC) stood out as the leader, pushing further into record territory. As of 3 p.m. EST, the Nasdaq was up about 0.2%, building on its huge gains in 2020 and so far in 2021.
Beginning investors often mistakenly believe that the Nasdaq's stocks all move roughly in unison. However, there's been a huge divide in the market for years, and it has gotten especially pronounced more recently. On Friday, the different moves from Magnite (NASDAQ: MGNI) and CSX (NASDAQ: CSX) tell both sides of the stock market story.
Shares of Magnite were higher by 7% on Friday afternoon. The advertising platform provider got a nice vote of confidence from Wall Street stock analysts.
Source Fool.com
