DICE - Nasdaq Bear Market: 2 Stocks Defying the Downturn
The stock market has been in bear market mode throughout 2022, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) has been one of the hardest-hit stock market indexes during the rout. After seeing a new closing low for the year on Monday, investors were hoping for a respite, but the Nasdaq opened down about half a percent at the beginning of the regular trading session Tuesday morning.
Two Nasdaq stocks were particularly noteworthy with their gains in premarket trading on Tuesday. Coinbase Global (NASDAQ: COIN) has become a giant in the cryptocurrency realm, with its digital asset brokerage services becoming a leading choice among crypto investors. Meanwhile, tiny Dice Therapeutics (NASDAQ: DICE) isn't on every investor's radar, but the biopharmaceutical company got positive trial results that could pave the way to a key breakthrough. Read on to learn more about what's happening with these two companies.
Coinbase shares were up about 3% early Tuesday morning. The move came despite ongoing weakness in the price of Bitcoin and other digital assets, but investors were enthusiastic about a new partnership that could increase the use of cryptocurrency in mainstream financial transactions.
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Nasdaq Bear Market: 2 Stocks Defying the Downturn