StockWatch: Zoom Stock Retreats as Economy Stabilizes

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Zoom has reported upbeat quarterly earnings. However, stocks dropped over 3% as there are warnings of a slowdown as the pandemic comes to an end.

Stocks have retreated by 28% in 2021 as investors anticipated slowing growth as the economy normalizes and more in-person meetings resume.

Apple shares rose over 3% yesterday as the tech giant is pushing to accelerate the development of its electric car.

They have also prioritized the production and shipment of smartphones. This means that it will be less difficult for customers to get ahold of the iPhone 13s in time for Christmas.

Timestamps:

  • ZM 02:00
  • APPL 04:10

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