The stock market has seemed unstoppable lately, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) has been leading the way higher all year. The Nasdaq extended its year-to-date gains to more than 40% on Tuesday afternoon, with the index climbing about half a percent as of just before 2 p.m. EST.
The biggest stocks in the Nasdaq were fairly quiet on Tuesday, but some smaller players had some blockbuster news to announce. Stitch Fix (NASDAQ: SFIX) reported financial results that wowed shareholders who've had to be patient for a while. At the same time, upstart Curis (NASDAQ: CRIS) vaulted into the spotlight with a huge gain.
Shares of Stitch Fix soared 42% on Tuesday afternoon. The subscription-based fashion curator and apparel home-delivery specialist once again delivered great results, but for the first time in a long time, investors seemed to appreciate its performance fully.
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Stitch Fix Helps Nasdaq Stretch Toward Records; Curis Erupts Higher