SpaceX Softens the Nasdaq's Fall While the Dow Keeps Climbing
The Dow and Nasdaq went opposite directions Tuesday. SpaceX and falling oil prices explain why.
SpaceX Softens the Nasdaq's Fall While the Dow Keeps Climbing
Overview
Wall Street couldn't agree on a direction on Tuesday. The Dow went for a run while the Nasdaq sulked in a corner.
The Dow Jones Industrial Average (DJINDICES: ^DJI) rose 0.8% by noon ET, building on Monday's record-setting session. The S&P 500 (SNPINDEX: ^GSPC) slipped 0.2%, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) fell 0.4%. The Invesco QQQ Trust (NASDAQ: QQQ), which tracks the Nasdaq-100 index, dropped 1.2%. One stock's absence from the stricter Nasdaq-100 list made a big difference.
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Originally published at www.fool.com.
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