The stock market was turbulent again on Friday, aiming to finish the week with the same discontinuities that we’ve seen for quite a while. Today, it was the Nasdaq Composite‘s (NASDAQINDEX: ^IXIC) turn to shine, with the index rising more than 100 points just after noon EDT. That stood in stark contrast to declines or flat performances from most other major market benchmarks Friday at midday.
Helping to push the Nasdaq higher were strong performances from a couple of leading stocks. Facebook (NASDAQ: FB) has been doing quite well lately and is pressing toward all-time highs, while Peloton Interactive (NASDAQ: PTON) is well off its record levels after last month’s Nasdaq correction. Both companies, however, have a lot of prospects to press higher in the months and years to come. Below, we’ll take a closer look at what’s happening with Facebook and Peloton.
Shares of Facebook rose 5% at midday Friday. The company released an interesting new product to go with some of its cutting-edge technology, but it also had tough words for rival Apple (NASDAQ: AAPL).