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Stay-at-Home Tech Stocks Rally as Reopening Plays Slump

Tech stocks are holding up relatively well during today’s market selloff, and quite a few of the names seen as winners in the current environment are actually rallying.



a street sign in front of a building: Stay-at-Home Tech Stocks Rally as Reopening Plays Slump


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Stay-at-Home Tech Stocks Rally as Reopening Plays Slump

While the Dow and the S&P 500 at this writing are down 2.8% and 2.2% respectively, the Nasdaq Composite is down 1.3%.

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And the Nasdaq 100 index, the weighting of which skews heavily toward big-cap tech companies, is down just 0.9%.

Worries about a recent spike in global covid-19 cases and related concern about the virus’s economic impact in the coming months are apparently weighing on equity markets today.

Against that backdrop, many investors are once more treating companies whose products and services help consumers work, learn and/or entertain themselves remotely like safe havens — despite the high valuations many of them carry.

Zoom Video Communications is up 6.1%, Fastly

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Cardinals focus on improvements despite big plays; Gaillard gets first start

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The Cardinals’ two biggest plays of the game — and of the season thus far — had some similarities. Both times quarterback Kyler Murray found a young receiver deep downfield. Both times he connected for roughly a 50-yard gain. And both plays, while explosive, came on drives that ended in field goals.

The Cardinals won 30-15 at home over the Washington Football Team on Sunday. They held Washington scoreless until nearly the end of the third quarter. They have won two in a row, and they have put up 54 points in two weeks. But after the game, coach Kliff Kingsbury and Cardinals players were quick to cite the things that did not go well. 

“There were a lot of drives where we stalled out,” Murray said.

Sometimes, the Cardinals were still able to score, but unable to capitalize with a touchdown on the bigger plays. Murray found wide

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