Block (NYSE: SQ) had a good day on Monday as its stock price finished the day up 8.6% to $55.92 per share. The fintech had been up as much as 10.2% during the trading day. It was also a green day for the stock markets as the Dow Jones Industrial Average finished the day up 551 points (1.9%), while the S&P 500 was up 95 points (2.6%), and the Nasdaq ended with a gain of 354 points (3.4%). Read More...
Motley Fool
Why Snowflake, Datadog, and MongoDB Rebounded on Monday
Shares of enterprise software companies Snowflake (NYSE: SNOW), Datadog (NASDAQ: DDOG), and MongoDB (NASDAQ: MDB) bounced back strong today, up 9.1%, 7%, and 7.2%, respectively, as of 1:35 p.m. ET. Overall, the macroeconomic picture seemed to improve slightly today, as the United Kingdom’s new government announced it would be reversing its prior tax cut plan, which caused chaos in the currency and government bond markets. Long-term U.S. bond yields also retreated slightly, perhaps helping sentiment for high-growth software stocks.
