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markets

Zoom Video Shares Drop as Vaccine News Sends Market Soaring

By
Martin Peers
· · Source: The Information

Good news on a Covid vaccine sent the stock market soaring on Monday, while stocks that had benefited from the pandemic dropped sharply. Most big tech stock didn’t move much. Zoom Video shares fell 17%, while Peloton dropped 20%: both had soared several hundred percent this year. In contrast, Lyft rose 26%, while Uber gained 7%. Notably, big tech stocks were either flat or lost ground: Apple...

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