Business is zooming. In its <a target="_blank" rel="noopener noreferrer" href="https://link.apostonews.com/click?uri=aHR0cHM6Ly9saW5rLmFwb3N0b25ld3MuY29tL2NsaWNrP3N0b3J5PTVmNGY4ZTQ4ODExZTczMDAwNzVjOGE1MCZ1c2VyPTVlNWJlYTU3MDhlZGE3NzU0MjFhZmY4ZCZhdXRob3I9bnVsbCZ1cmw9aHR0cHMlMjUzQSUyNTJGJTI1MkZpbnZlc3RvcnMuem9vbS51cyUyNTJGbmV3cy1yZWxlYXNlcyUyNTJGbmV3cy1yZWxlYXNlLWRldGFpbHMlMjUyRnpvb20tcmVwb3J0cy1zZWNvbmQtcXVhcnRlci1yZXN1bHRzLWZpc2NhbC15ZWFyLTIwMjE=""">earnings report</a> on Monday, Zoom Video Communications said its total revenue for the second quarter was $663.5 million, up 355% compared to the same period last year. The company also raised its revenue forecast for the full fiscal year to about $2.4 billion. As organizations around the world turned to remote work solutions this year to keep their operations up and running during the coronavirus pandemic, Zoom has been in a prime position to benefit from the soaring demand for videoconferencing software.<ul><li>Market reaction: Zoom’s shares surged more than 40% on Tuesday, bringing its market cap to $129 billion. The stock is now up more than 570% since the beginning of the year, reflecting the company’s smashing success in becoming a household name. &nbsp;</li><li>In other news: Thanks to the ongoing rally in tech stocks, the S&amp;P 500 and Nasdaq <a target="_blank" rel="noopener noreferrer" href="https://link.apostonews.com/click?uri=aHR0cHM6Ly9saW5rLmFwb3N0b25ld3MuY29tL2NsaWNrP3N0b3J5PTVmNGY4ZTQ4ODExZTczMDAwNzVjOGE1MCZ1c2VyPTVlNWJlYTU3MDhlZGE3NzU0MjFhZmY4ZCZhdXRob3I9bnVsbCZ1cmw9aHR0cHMlMjUzQSUyNTJGJTI1MkZ3d3cucmV1dGVycy5jb20lMjUyRmFydGljbGUlMjUyRnVzLXVzYS1zdG9ja3MlMjUyRnNwLW5hc2RhcS1jbG9zZS1hdC1yZWNvcmQtaGlnaHMtaW4tdGVjaC1mdWVsZWQtcmFsbHktaWRVU0tCTjI1UzRRQw==""">closed at record highs</a>. Apple, which performed a 4-for-1 stock split on Monday, jumped about 4% and hit a fresh all-time high. Promising economic data and progress toward stimulus talks also boosted the market sentiment.</li></ul>

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