Canada markets closed

  • S&P/TSX

    19,800.61
    +20.64 (+0.10%)
     

  • S&P 500

    4,337.44
    +17.38 (+0.40%)
     

  • DOW

    34,006.88
    +43.04 (+0.13%)
     

  • CAD/USD

    0.7435
    +0.0002 (+0.02%)
     

  • CRUDE OIL

    89.76
    +0.08 (+0.09%)
     

  • Bitcoin CAD

    35,366.93
    +97.21 (+0.28%)
     

  • CMC Crypto 200

    562.98
    +3.47 (+0.62%)
     

  • GOLD FUTURES

    1,935.30
    -1.30 (-0.07%)
     

  • RUSSELL 2000

    1,784.24
    +7.74 (+0.44%)
     

  • 10-Yr Bond

    4.5420
    +0.1040 (+2.34%)
     

  • NASDAQ futures

    14,937.50
    +2.25 (+0.02%)
     

  • VOLATILITY

    16.90
    -0.30 (-1.74%)
     

  • FTSE

    7,623.99
    -59.92 (-0.78%)
     

  • NIKKEI 225

    32,678.62
    +276.21 (+0.85%)
     

  • CAD/EUR

    0.7015
    0.0000 (0.00%)
     

Why Cloudflare, Snowflake, MongoDB, and Other Cloud Stocks Rallied Wednesday Morning

Danny Vena, The Motley Fool
·4 min read
Why Cloudflare, Snowflake, MongoDB, and Other Cloud Stocks Rallied Wednesday Morning

Market watchers and the Federal Reserve alike have been watching closely for signs of an impending recession, and while talk of a mild downturn has increased in recent weeks, investors have been hopeful for a so-called "soft landing," with the economy sidestepping a recession. With that as a backdrop, Cloudflare (NYSE: NET) rose 5.2%, Snowflake (NYSE: SNOW) climbed 8.1%, MongoDB (NASDAQ: MDB) jumped 11.2%, and Datadog (NASDAQ: DDOG) rallied 14% as of 11:10 a.m. ET on Wednesday.

Continue reading