July 27, 2021
Markets

As Markets Fall, Big Business Fights Back Against Disruptive Growth Stocks

The stock market fell on Tuesday, as investors started to react negatively to sustained inflationary pressure. By the close, the S&P 500 (SNPINDEX:^GSPC) and Nasdaq Composite (NASDAQINDEX:^IXIC) were modestly off their record levels, and the Dow Jones Industrial Average (DJINDICES:^DJI) also gave back some ground.

Index

Percentage Change (Decline)

Point Change

Dow

(0.31%)

(107)

S&P 500

(0.35%)

(15)

Nasdaq Composite

(0.38%)

(56)

Data source: Yahoo! Finance.

For a long time, investors have followed the prospects of disruptive small companies seeking to take on some of the giants of their respective industries. Yet skeptics of those disruptors have long argued that it was only a matter of time before Big Business fought back. That happened today to Affirm Holdings (NASDAQ:AFRM), and it’ll be very interesting…

Read full article here: www.fool.com