Nasdaq Climbs 158 Points on Zoom Growth Hopes, Microsoft's TikTok Talks

Dan Caplinger, The Motley Fool

3 August 2020 at 4:37 pm·4-min read

Nasdaq Climbs 158 Points on Zoom Growth Hopes, Microsoft's TikTok Talks

It's hard to believe in a coronavirus-plagued world, but the Nasdaq Composite (NASDAQINDEX: ^IXIC) is up significantly for the year. The Nasdaq's gains in 2020 have come from several different corners, but the biggest influence has come from companies that are trying to meet new needs in the wake of the pandemic. Zoom Video Communications (NASDAQ: ZM) has become an essential service for millions of people, and its stock saw big gains Monday as investors continue to believe that it can grow from its new base.

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