Here's Why Tech Stocks Like Twilio and Zendesk Are Soaring Today
It's a good day for the market as a whole, but it's a great day for a handful of technology stocks.
MicroVision (NASDAQ: MVIS) and SentinelOne (NYSE: S) are leading the charge with gains of 13.2% and 13.1%, respectively, as of as of 12:12 p.m. ET Tuesday, closely followed by Pinduoduo (NASDAQ: PDD) with its 12.8% advance. Several other familiar names like Twilio (NYSE: TWLO), Zendesk (NYSE: ZEN), and StoneCo (NASDAQ: STNE) aren't far behind. Investors are now shrugging off the potentially adverse impact of the omicron variant of the coronavirus, unwinding the steep sell-offs this latest mutation prompted last week.
If you're looking for news from (or even about) any of the six aforementioned technology companies, don't bother. It doesn't exist. In fact, you could also swap out these six stocks with any other six tech stocks rallying firmly today and once again not find any company-specific news behind the gains. That's because the rally is being driven by something much bigger: a change of heart. Traders don't fear the fallout of the omicron variant of the coronavirus as much as they did a week ago, when so little was known about it.
Source Fool.com
