Alphabet and SpaceX Drag the Nasdaq Lower; Dow Stands Alone
Why is the Dow green today while the Nasdaq bleeds red? Two stocks explain most of the difference.
Alphabet and SpaceX Drag the Nasdaq Lower; Dow Stands Alone
Overview
Somebody forgot to tell the Dow Jones Industrial Average (DJINDICES: ^DJI) that Monday was supposed to be rough.
The Nasdaq Composite (NASDAQINDEX: ^IXIC) dropped 1.2% as of 12:30 p.m. ET, weighed down by Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Space Exploration Technologies (NASDAQ: SPCX). The S&P 500 (SNPINDEX: ^GSPC) took a lighter hit without the Nasdaq's SpaceX influence, slipping 0.3%. Meanwhile, the Dow was up 0.4%, blissfully undaunted by the chaos elsewhere.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
