Technology

Zoom, Peloton shares rise on new Covid variant fears

Zoom, Peloton shares rise on new Covid variant fears

Zoom shares closed up 5.7% and Peloton stock closed up 5.6% Friday as concerns of a new Covid variant in South Africa tumbled markets. Shares of Netflix and Roku, two other stay-at-home companies that have benefited from the pandemic, were up about 1.6% for the day. Zoom and Peloton are still down 34% and 69% for the year, respectively, as people have returned to work, school and gyms.

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