Why Zoom Stock Was Up on Tuesday
Zoom (NASDAQ: ZM) investors trounced the market early Tuesday. The stock jumped 7% in early trading before settling down to a 3% increase by 11 a.m. ET.
That compares to a 1.5% surge in the S&P 500. The video communication specialist's stock is still down nearly 60% for the year, though.
Tuesday's rally came amid a broader rally for tech stocks, which got a boost from positive data on the economic front.
Source Fool.com
