STMP - This Wall Street Cinderella Story Left Meme Stocks in the Dust Friday
Stock investors regained their confidence on Friday, reacting positively to the notion that the market will be able to sustain strong growth even in the face of conflicting data on price pressures and macroeconomic conditions. Just after 11 a.m. EDT today, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 369 points to 34,791. The S&P 500 (SNPINDEX: ^GSPC) had gained 36 points to 4,356, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) picked up 91 points to 14,651.
Countless companies go through challenges that threaten their very existence, and many of them simply disappear, never to be seen again. But occasionally, a comeback story turns out to have a happy ending. That's what happened Friday for investors in Stamps.com (NASDAQ: STMP) , who've had to endure gut-wrenching declines but found themselves with a big payoff.
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This Wall Street Cinderella Story Left Meme Stocks in the Dust Friday