Daily Stock Market Update - Thursday, Feb 24, 2022

The market rebounded on Thursday, after a very poor trading day on Wednesday that was driven by Russia's invasion of Ukraine. Nasdaq up 3.3%, S&P up 1.5%. Tech up 3.2%, communications up 2.8%, consumer discretionary up 2.3%, while consumer staples down 1.7%.
Moderna was up 15% after beating revenue and earnings estimates, and raising their outlook for COVID-19 vaccine revenue of $19B in 2022 vs. $17B previously. Coinbase was down 3.5% despite beating earnings and revenue because of poorer expected Q1 trading volume in crypto. Zscaler, the IT security company in the cloud, fell 17% after earnings on a weaker outlook.
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