
Zoom Posts Better-Than-Expected Earnings, Joins Ubiquiti, MINISO Group And Other Big Stocks Moving Higher On Friday

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U.S. stocks surged on Friday, with the Dow Jones gaining over 800 points. Zoom Communications reported better-than-expected Q2 earnings, with revenue of $1.22 billion and adjusted earnings of $1.53 per share, leading to a 12.5% rise in shares. Other notable gainers included Opendoor Technologies (+32%), Ubiquiti (+28.6%), and MINISO Group (+19.2%). Fed Chair Powell's comments on potential policy adjustments boosted market sentiment, benefiting various sectors including housing and apparel stocks.
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