CAR - 2 Surprising Nasdaq Stocks Hitting All-Time Highs Thursday
The stock market has entered a turbulent period, and even the high-performing Nasdaq Composite (NASDAQINDEX: ^IXIC) hasn't been able to avoid the air pockets in the market. As of just before noon EDT on Thursday, the Nasdaq was down more than half a percent, despite remaining within a few percentage points of its record levels.
With the index falling, it's not surprising that many of the tech giants that play such an influential role in the Nasdaq are on the decline. Yet there are some Nasdaq stocks outside technology that are moving up to all-time highs on Thursday. Below, we'll look more closely at how Avis Budget Group (NASDAQ: CAR) and Tractor Supply (NASDAQ: TSCO) are defying a down market.
Avis Budget Group had a huge day on Thursday, climbing more than 10%. That put the stock price close to the $100-per-share mark as the rental car giant continued the massive run in 2021 that put it into record territory.
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2 Surprising Nasdaq Stocks Hitting All-Time Highs Thursday