SE - Even as the Market Fell Tuesday Morning These 2 Stocks Soared
2023-03-07 11:46:34 ET
Wall Street didn't react well to the latest comments from Federal Reserve Chair Jerome Powell on Tuesday morning. Within the first hour of trading, news that interest rates might move higher than previously expected made the major indexes slump. As of 10:30 a.m. ET, the S&P 500 (SNPINDEX: ^GSPC) was down 0.6%, leading other benchmarks lower.
Yet even on a tough day, a couple of stocks were notable winners. Sea Limited (NYSE: SE) has struggled for a while, but a rebound in Asia looked to bolster its prospects going forward. Meanwhile, Dick's Sporting Goods (NYSE: DKS) celebrated a successful holiday season. Read on to get the details about how each stock posted solid gains.
Shares of Sea Limited jumped 13% in morning trading on Tuesday. The Singapore-based e-commerce specialist surprised investors with solid quarterly results.
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Even as the Market Fell Tuesday Morning, These 2 Stocks Soared