DOCU - These 2 Stocks Are Lifting the Nasdaq to More Records
The stock market is in a full bull run to finish 2020, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) is enjoying an amazing streak of strong performance. Investors have been excited about the prospects for the U.S. economy in the hopes that the COVID-19 pandemic will soon be under control, and that's driven a lot of folks back into the highest-growth stocks in the market. As of 2:50 p.m. EST, the Nasdaq was up half a percent, which was enough to get it even further into all-time record territory.
Earnings have been a key driver of the Nasdaq's performance this week, and today, DocuSign (NASDAQ: DOCU) added its name to the list of big risers following its most recent quarterly report. Yet even some stalwarts are posting gains, with Qualcomm (NASDAQ: QCOM) getting some buying interest in the wake of the new 5G revolution.
Shares of DocuSign climbed 5% late Friday afternoon after having been up much more sharply earlier in the session. The electronic signature specialist delivered great results in its latest quarter, continuing its momentum as 2021 approaches.
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These 2 Stocks Are Lifting the Nasdaq to More Records