Upstart Leads Nasdaq Higher as Apogee Falls Back
Monday's swoon for the stock market quickly gave way to a recovery for the Nasdaq Composite (NASDAQINDEX: ^IXIC) today. Although gains early Tuesday afternoon were somewhat limited at about two-thirds of a percent, the Nasdaq nevertheless showed its continued superiority by posting larger percentage gains than its fellow major indexes.
Helping to drive the Nasdaq higher was another big jump for Upstart Holdings (NASDAQ: UPST), as the fintech disruptor hit another all-time high. However, the news wasn't entirely good for Nasdaq stocks; Apogee Enterprises (NASDAQ: APOG) gave up some ground. Below, we'll look more closely at what moved both stocks.
Shares of Upstart Holdings were up 10%, pushing above $320 per share. The innovative artificial intelligence-driven lending platform provider announced another deal that showed its potential for long-term growth ahead.
Source Fool.com
