The stock market took another big hit on Thursday as investors had their first chance to react to Russia mounting attacks on Ukraine. However, the Nasdaq Composite (NASDAQINDEX: ^IXIC) once again proved its resiliency even in the face of adversity, clawing back from losses of nearly 3% to post a drop of just 0.4% as of 1 p.m. ET today.
Indeed, a couple of well-known stocks managed to see sizable gains in early afternoon trading on Thursday. Below, we'll look more closely at why Moderna (NASDAQ: MRNA) and Universal Display (NASDAQ: OLED) were able to advance sharply even on a down day for the broader market.
Shares of Moderna were up almost 12% early Thursday afternoon. The mRNA specialist is best known currently for its COVID-19 vaccine , and the company produced impressive fourth-quarter financial results that showed just how important its pandemic-related success has been.
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2 Nasdaq Stocks Rising Big in Thursday's Market Swoon