The stock market has been going through a lot of volatility lately, and the Nasdaq Composite(NASDAQINDEX:^IXIC) has found itself on the short end of the stick. Yet on Thursday, the Nasdaq is holding its own again. In fact, as of 1:45 p.m. EST today, the growth-stock benchmark had managed to gain more than 2.5%, leading the rest of the market higher.

A lot of well-known growth stocks have taken a lot of punishment in recent weeks, as investors suffered a crisis of confidence in the prospects for many promising companies. On Thursday, though, things seemed to be turning around. In particular, shares of MercadoLibre (NASDAQ:MELI), Okta (NASDAQ:OKTA), and PayPal Holdings (NASDAQ:PYPL) are outpacing the Nasdaq's gains and aiming to bounce back fully from their setbacks in late February and earlier this month.

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