Nasdaq SaaS Stocks Are Making Big Moves. Here's Why.

Dan Caplinger, The Motley Fool

November 30, 2022 at 9:02 a.m.·3 min read

Nasdaq SaaS Stocks Are Making Big Moves. Here's Why.

The Nasdaq Composite (NASDAQINDEX: ^IXIC) has been volatile in 2022, and investors have hoped for an end to its bear market in the near future. Futures contracts on the index moved higher in premarket trading Wednesday, as the Nasdaq aims to try to post a monthly gain for November if it can finish with a gain of 0.1% for the day. One big driver of the Nasdaq's year-to-date declines has been the poor performance of software-as-a-service (SaaS) stocks, and a couple of companies in that industry posted their latest financial results late Tuesday afternoon.

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