A broad cross-section of stocks charged sharply higher on Monday, as Wall Street focused on the actions taken by a foreign government to settle jittery financial markets. Shares of cybersecurity powerhouse CrowdStrike Holdings (NASDAQ: CRWD) rose as much as 5.5%, artificial intelligence and business analytics specialist Palantir Technologies (NYSE: PLTR) jumped as much as 6.9%, and streaming pioneer Roku (NASDAQ: ROKU) surged as much as 8.6%. There have been a number of dramatic developments in the U.K. over the past several days, which have had a ripple effect, buoying U.S. stocks in the process when the markets opened on Monday morning. 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.
