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

Dan Caplinger, The Motley Fool
·3-min read
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.