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Why Datadog, MongoDB, and HubSpot Rallied Today
Shares of enterprise software companies Datadog (NASDAQ: DDOG), MongoDB (NASDAQ: MDB), and HubSpot (NYSE: HUBS) all rallied today, up 6.5%, 9.3%, and 7.2%, respectively, as of 1:21 p.m. ET. The synchronous move across these software names likely has to do with a decline in long-term bond yields today. A decline in interest rates is great news for unprofitable growth stocks, with the bulk of their profitability out into the future.
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