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Nasdaq Drops Below 11,000 as MercadoLibre Earnings Disappoint; Ulta Looks Beautiful

Nasdaq Drops Below 11,000 as MercadoLibre Earnings Disappoint; Ulta Looks Beautiful

For a long time now, the Nasdaq Composite (NASDAQINDEX: ^IXIC) has been the ascendant stock market benchmark, dramatically outperforming its peers. One culprit that the Nasdaq is fighting against is an extremely high bar for many fast-growing companies listed on the stock exchange to overcome. Shares of MercadoLibre dropped almost 6% Monday following the online retailer's second-quarter financial results.