It has been a hot summer, but that doesn't mean technology has melted. The tech-heavy Nasdaq Composite has climbed about 4% since Memorial Day. That's added to the index's 2023 rebound, with the price up nearly 29% year to date. Part of that ascent can be tied to a group of outperformers. It's a crop that includes some of the most-favored technology names and lesser-known companies in industries such as telecommunications and industrials.
Pro screened for the top 10 stocks in the Nasdaq when looking between Memorial Day and Monday's close. All data is from FactSet. Freight stock Old Dominion was the best performer in the index over this period with a gain of 27.6%. The company has been vying for the terminals of shuttered trucking company Yellow. But Wall Street sees a relatively modest gain of just over 2% in the next year after the recent rally, according to FactSet.
's Fred Imbert and Michael Bloom contributed to this report
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: WSJ - 🏆 98. / 63 Read more »