(Bloomberg) — Investors cashed out of companies that benefited from virus-induced lockdowns after promising results for a Covid-19 vaccine developed by Pfizer Inc. and BioNTech SE reawakened hopes that a return to normal is on the horizon.Zoom Video Communications Inc. plunged 16% in early trading, while Peloton Interactive Inc. slumped 13% and Netflix Inc. was down 5% as investors piled into risk assets and dumped shares of firms that have been winners during global lockdowns. Futures contracts on the Nasdaq reversed earlier gains and fluctuated.“The rotation that the market is doing is beyond any imagination with Nasdaq in negative territory …read more
Source:: Yahoo Finance
