Zoom Video Communications (ZM) earned a rare double upgrade from Daiwa Securities, with the firm noting the latest tech selloff provides a "good entry point" for the security. Inflation and recession fears, as well as the European Union's (EU) Russian oil ban, were the main drivers behind investor pessimism, and the Nasdaq ultimately logged its second-straight monthly loss. Wariness over the state of the economy extended into Wednesday, with the three major indexes seeing a dismal start to June, especially after JPMorgan (JPM) CEO Jamie Dimon predicted an economic "hurricane."