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Why Zoom Stock Was Up on Tuesday

TheMotleyFool

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Why Zoom Stock Was Up on Tuesday: https://g.foolcdn.com/editorial/images/712856/facilitates-a-staff-meeting-while-working-from-home-video-conference.jpg

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

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