Excerpt from Yahoo Finance quoting DataTrek’s Nick Colas:
…. “Lyft is set to debut on the Nasdaq Friday and has been raising its price range for the offering, a sign of healthy demand.
“In the near-term, the Lyft deal and [upward] revisions to the price range is supportive of stocks,” said Nick Colas, co-founder of DataTrek Research. “It means there is still interest in equities and buying brand new companies that don’t make money — that’s good.”
You can read the full article here on Yahoo Finance!