Soaring Space SPAC, Coherent Buyout Send Nasdaq Higher

Dan Caplinger, The Motley Fool
·3-min read
Soaring Space SPAC, Coherent Buyout Send Nasdaq Higher

Investors are ready to turn a new page on the bull market, and they're counting on the Nasdaq Composite (NASDAQINDEX: ^IXIC) to keep leading the way higher. A couple of recent trends have helped the Nasdaq move higher lately. First, the rise of special purpose acquisition companies has captured the market's attention, and the Nasdaq-listed Stable Road Acquisition (NASDAQ: SRAC) SPAC is one of the big winners on the day.