Why Is Lemonade Stock Higher Friday While the Market Is Dropping?

Why Is Lemonade Stock Higher Friday While the Market Is Dropping?

The stock market was solidly in the red on Friday, as it looks set to finish off its worst week since January on a negative note. As of 12:45 p.m. EDT today, the Dow Jones Industrial Average was down by more than 400 points, and the S&P 500 and Nasdaq indexes were lower by 0.9% and 0.6%, respectively.