The Nasdaq stock market prides itself on having so many companies that focus on innovation choose to list their shares on its exchange. Many of the biggest technology companies on the planet call the Nasdaq home, and the moves they make have a huge influence on the Nasdaq Composite (NASDAQINDEX: ^IXIC). On Thursday, the Nasdaq was back above the 14,000 level as of 1 p.m. EDT as it tries to make its way to new record levels.
It's a small start in the crypto universe, but South America's e-commerce platform has big plans.
MercadoLibre (MELI) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front