Nasdaq Falls 186 Points on Tech Rotation; Booking, Expedia Climb on Travel Hopes

Dan Caplinger, The Motley Fool

11 August 2020 at 4:18 pm·4-min read

Nasdaq Falls 186 Points on Tech Rotation; Booking, Expedia Climb on Travel Hopes

The stock market is going through a clear rotation right now, as investors try to position their portfolios to take maximum advantage of what they hope will be improving conditions for the global economy. News of advances in medical science fighting COVID-19 helped lift travel stocks, and that included online travel specialists Booking Holdings (NASDAQ: BKNG) and Expedia Group (NASDAQ: EXPE). Shares of online travel stocks climbed sharply on Tuesday, fighting the broader downtrend on the Nasdaq.

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