ASTR - The Nasdaq Is Record-Bound and These 2 Stocks Are Leading the Way
The stock market carried forward its upward momentum into the new week on Monday, and investors tracking the Nasdaq Composite (NASDAQINDEX: ^IXIC) saw outsize gains. The Nasdaq was up 1.5% as of 12:15 p.m. EDT, reaching all-time record levels in the process.
Plenty of stocks have benefited from the big bull run in the Nasdaq since March 2020, but today a couple of companies that many investors have neglected to notice came to the forefront. Xilinx (NASDAQ: XLNX) saw sizable gains as investors weigh the odds of a key merger going through, while Astra Space (NASDAQ: ASTR) responded favorably to merger and acquisition activity elsewhere in the space industry.
Shares of Xilinx were up nearly 6% on Monday at midday. The maker of programmable gate arrays has had a pending deal with Advanced Micro Devices (NASDAQ: AMD) , but investors have had to be patient as the semiconductor company works its way through regulatory hurdles.
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The Nasdaq Is Record-Bound, and These 2 Stocks Are Leading the Way