The Nasdaq Composite (NASDAQINDEX: ^IXIC) has been one of the most resilient stock market indexes for investors over the past 18 months. After taking a hit with the rest of the market at the beginning of the COVID-19 pandemic, the Nasdaq has bounced the most of any major benchmark. The good news for the index continued today, with the Nasdaq rising more than half a percent as of 11:45 a.m. EDT on a solid day across Wall Street.
That said, not every stock listed on the Nasdaq exchange managed to post gains on Tuesday morning. Salon and cosmetics retail specialist Ulta Beauty (NASDAQ: ULTA) was down on concerns for the company's long-term future, while Atea Pharmaceuticals (NASDAQ: AVIR) saw a big plunge as a key study failed to produce the results investors had wanted to see.
Shares of Ulta Beauty were down 5% Tuesday morning. The company is holding its annual investor conference today, and prior to the beginning of its presentation, it released long-term financial targets and a list of strategic priorities over the next several years.
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Why Ulta and Atea Rained on the Nasdaq's Parade Tuesday