Stocks Regain Steam, Dow Soars 300 Points As Stimulus Talks Appear To Pick Back Up

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Global markets were also rallying Tuesday morning.

After a lukewarm end to the best month for stocks in decades, the major indexes are roaring back on Tuesday as investors pile back into unloved pandemic industries like energy and financials, continuing a market rotation that's pushed value stocks to the forefront as Wall Street eyes an end to the pandemic fueled by widespread vaccination and fiscal relief.... [+]

Shares of pandemic market favorite Zoom Video are down 8% after the firm reported slowed sales growth in its third quarter that–although much better than analysts expected–also came with updated guidance reflecting further growth deceleration in quarters to come.to add the electric carmaker's shares to the S&P in one single tranche before the market open on December 21; Tesla stock has skyrocketed up more than 40% since the announcement of its addition to the S&P.

One day after DoorDash revealed it's targeting a $32 billion valuation for its initial public offering, Airbnb has said it'sroughly $2.5 billion and eyeing a $35 billion valuation–nearly twice as much as its last private valuation of $18 billion earlier this year–with its own public debut, expected on the Nasdaq later this month.

 

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