U.S. markets closed
  • S&P Futures

    4,035.25
    -0.50 (-0.01%)
     
  • Dow Futures

    32,753.00
    -21.00 (-0.06%)
     
  • Nasdaq Futures

    12,874.00
    +6.75 (+0.05%)
     
  • Russell 2000 Futures

    1,795.30
    +2.00 (+0.11%)
     
  • Crude Oil

    69.50
    +0.17 (+0.25%)
     
  • Gold

    1,943.20
    +2.10 (+0.11%)
     
  • Silver

    22.50
    +0.07 (+0.31%)
     
  • EUR/USD

    1.0772
    0.0000 (-0.00%)
     
  • 10-Yr Bond

    3.6060
    +0.1250 (+3.59%)
     
  • Vix

    21.38
    -2.77 (-11.47%)
     
  • GBP/USD

    1.2227
    +0.0008 (+0.07%)
     
  • USD/JPY

    132.2920
    -0.1680 (-0.13%)
     
  • Bitcoin USD

    28,268.03
    +458.54 (+1.65%)
     
  • CMC Crypto 200

    617.09
    +12.04 (+1.99%)
     
  • FTSE 100

    7,536.22
    +132.37 (+1.79%)
     
  • Nikkei 225

    27,459.77
    +514.10 (+1.91%)
     

Here's Why Zoom Stock Suddenly Soared Today

Here's Why Zoom Stock Suddenly Soared Today

Shares of Zoom Video Communications (NASDAQ: ZM) were trading calmly until about 12:20 p.m. ET when they suddenly soared. The company announced that it was laying off workers and Zoom stock was up about 10% within 30 minutes. Zoom is following in the footsteps of many tech companies in recent months by laying off 15% of its workforce.