Tuesday’s Headlines: Long Live The Market...

Tuesday’s Headlines: Long Live The Market...

Here were the biggest movers in the MyWallSt shortlist yesterday:

Moving Up ⬆️

STNE +24.8%

JWN +24.1%

Z +22.5%

ETSY +21.8%

TXRH +20.7%

Moving Down ⬇️

TIF -0.1%

NLS -2.8%

TDOC -3.9%

HAIN -3.9%

ZM -4.1%

1. Stocks jumped on Monday, rebounding from sharp losses in the previous week, as the number of new coronavirus cases in the U.S. appeared to slow down. The Dow Jones Industrial Average closed 1,627.46 points higher, or more than 7%, at 22,679.99, while the S&P 500 rose 7%, with the Nasdaq jumping 7.3%. The rally was led by some of America’s biggest names, with Boeing, Visa, and Mastercard rising sharply. Stock futures are looking at a second day of opening gains on Tuesday. Read more here.

2. Shares in teleconferencing app Zoom fell as much as 15% on Monday before closing out the day down 4.10%. The sharp fall comes amid concerns over the app's security, causing Credit Suisse analysts to call for investors to dump the stock, despite Zoom stating it will address the issues. The stock is 28% off its record highs, declining for the fifth session out of six, but is still up 74% year on year. Get the full story here.

3. One of Wall Street’s biggest winners on Monday was North American retail giant Nordstrom, which jumped more than 24%. Like many other brick-and-mortar retail stocks, Nordstrom's shares have been clobbered since the company closed its physical stores on March 17, falling 62% in the past month alone. The jump comes amid the broader market rally as investors grow more optimistic about the spread of COVID-19. Get the complete story here.

JamieJamie

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