ZM - Hot Stocks: DIS hits low; FB drops; work-at-home stocks fall; ALVR LRN rally

Wall Street put in a mixed performance on Wednesday. Earnings from IBM helped the Dow post a gain of nearly 250 points. However, the Nasdaq sank more than 1% after Netflix reported disappointing quarterly results. The Netflix miss had reverberations throughout the market. In response, investors cut their positions of work-from-home plays, leading to notable declines in names like Shopify (SHOP), Twilio (TWLO), Zoom Video Communications (ZM) and DocuSign (DOCU). Meanwhile, Disney (NYSE:DIS) also suffered in the wake of the Netflix results. Worries about growth at the Mouse House's streaming service sent the stock to a new 52-week low. Meta Platforms (NASDAQ:FB) was another notable decliner on the session. The stock dropped after a report claimed the social media giant's business had further deteriorated in the current quarter. Looking to some of the day's standout gainers, AlloVir (ALVR) posted a double-digit percentage gain on a favorable regulatory decision. Meanwhile, earnings

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Hot Stocks: DIS hits low; FB drops; work-at-home stocks fall; ALVR, LRN rally