Relative outperformance in stay-at-home stocks
The S&P 500 is down 0.3%, and the Russell 2000 is down 0.6%. Stay-at-home stocks are showing relative outperformance today after California announced a curfew from 10:00 p.m. - 5:00 a.m., starting Saturday, to help curb the spread of the coronavirus. Shares of Zoom Video (ZM 422.47, +8.18, +2.0%) are up 2%. Separately, United Rentals (URI 221.22, +4.22, +1.9%) was upgraded to Buy from Neutral at BofA Securities.