, which closed up about 0.5%. The videoconferencing company's stock has been on a tear this year, rising 226% on the year, as the coronavirus pandemic forced millions to work remotely.
Thursday's market plunge, which was sparked by an increase in Covid-19 cases, brought the Dow Jones Industrial Average down 6.9% and the S&P 500 down 5.9%. The major averages posted their worst day since March 16, when they all dropped more than 11% in the midst of the pandemic. Concerns around a second wave of the virus have risen as U.S. states continue on their path to reopening.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Silicon Valley tech CEO charged in coronavirus test fraud case - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. That's not.... nice.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Amazon to suspend police use of controversial facial-recognition tech - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. One year? Now is the time to increase investment in and use of facial recognition. Then, when everybody's forgotten about this whole police abuse thing, it's bring on big brother, baby!
Source: BusinessInsider - 🏆 729. / 51 Read more »