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Stock impact report

Covid Fears Pulled the Markets Down. Here's When You Should Really Start to Worry. [MarketWatch]

Zoom Video Communications, Inc. - Class A (ZM) 
Last zoom video communications, inc. - class a earnings: 3/4 04:20 pm Check Earnings Report
Company Research Source: MarketWatch
A new coronavirus variant discovered in South Africa, dubbed Omicron , caused stocks to fall sharply in a holiday-shortened trading session on Friday. The S&P 500 index dropped 2.2% for the week, while the Dow Jones Industrial Average lost 2%. The Nasdaq Composite fell 3.5%. Knee-jerk reactions were abundant. Zoom Video Communications (ticker: ZM), for instance, rose more than 5% on Friday. It had fallen 15% on Tuesday after reporting earnings . Investors were worried about slowing postpandemic growth for the collaboration software company. Now, the stay-at-home trade appears to be back. It isn't time to panic. “The S&P 500 has built up a cushion the last seven weeks, and a 4% to 5% pullback alone won't alter its longer-term trend,” says Instinet strategist Frank Cappelleri The index is still up almost 5% over the past seven weeks. That's one reason that a small dip isn't concerning Cappelleri yet. Still, a deeper drop—beyond 5%, without buyers pouncing on the dip—would cause h Show less Read more
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