Person at desk on Zoom call with a dozen other people.The Dow Jones Industrial Average managed to eke out a gain on the day, but the S&P 500  gave up some ground, and the Nasdaq Composite suffered a substantial reversal that led to substantial declines.

Investors have hoped that strong earnings reports would be able to build confidence in the stock market . Yet in the current environment, even solid results haven’t been enough to make stocks rise.

That was once again the case Monday afternoon as both Zoom Video Communications and Urban Outfitters couldn’t bounce back from their recent declines despite releasing encouraging figures.

Below, we’ll look more closely at what the two companies said and what it implies for their industry peers in the weeks and months to come.

Shares of Zoom Video Communications did manage to post a modest after-hours rise of less than 1% following the release of its third-quarter financial results.

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