Why Zoom, Square, and DocuSign Stocks Surged Today
Shares of Zoom Video Communications (NASDAQ: ZM), Square (NYSE: SQ), and DocuSign (NASDAQ: DOCU) jumped 7.1%, 8.1%, and 12.8% on Wednesday, as investors began to weigh the results of the U.S. elections.
With Democratic candidate Joe Biden looking increasingly likely to become the new U.S. president, investors are likely factoring in the possibility of more and stricter social distancing guidelines. This could bode well for Zoom and DocuSign, as the video communications platform and e-signature leader would continue to enjoy booming demand for their services in such a scenario.
Investors bid up shares of many growth stocks on Wednesday. Image source: Getty Images.
Source Fool.com
