This year, the Nasdaq Composite Index has risen by 37% (as of Dec. 8), which is an outstanding gain, especially after the huge decline in 2022. Let's take a closer look at what investors need to know before deciding. Shopify has been on a major upswing in the past few weeks thanks to a stellar third-quarter financial report that easily beat Wall Street expectations.
Last year, the three major indexes slipped into bear territory, and ever since, the question on everyone's mind has been this: When will the next bull market start? To officially declare a bull market from this point, indexes must reach a new high.
These businesses are on different growth trajectories, but both are leaders in their respective industries with untold potential ahead.