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Why Growth Stocks Jumped Today

·2-min read
Why Growth Stocks Jumped Today

One of the drivers was falling interest rates, but investors also seem to be thinking that the worst of the market's drop is behind us. Shares of Zoom Video Communications (NASDAQ: ZM) jumped as much as 5.2%, while Asana (NYSE: ASAN) was up 13.5% and fuboTV (NYSE: FUBO) popped 16.4%. After climbing for most of the year, interest rates have fallen sharply over the last month.