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Why CrowdStrike, Cloudflare, and MongoDB Rallied Wednesday Morning

Danny Vena, The Motley Fool
·4 min read
Why CrowdStrike, Cloudflare, and MongoDB Rallied Wednesday Morning

The state of the overall economy has clearly been the primary driver of the stock market over the past year or so, as high inflation and the Federal Reserve Bank's campaign of interest rate hikes have taken center stage. Investors are still holding out hope for a so-called "soft landing," with the economy avoiding a recession. With that as a backdrop, CrowdStrike (NASDAQ: CRWD) climbed 2.3%, Cloudflare (NYSE: NET) rose 3.1%, and MongoDB (NASDAQ: MDB) jumped 5.2%, as of 1:42 p.m. ET on Wednesday.

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