These 2 SaaS Stocks Are on the Rise Thursday
Thursday morning brought at least a brief pause in the stock market's recent record run. Many market participants are focusing on the coming Jackson Hole Economic Policy Symposium, an annual event that features Federal Reserve officials, global central bankers, and economists from around the world.
With the potential for market-moving news to come out of the symposium, investors seemed cautious. As of 10:30 a.m. EDT today, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 5 points to 35,401. The S&P 500 (SNPINDEX: ^GSPC) moved lower by 13 points to 4,483, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) fell 37 points to 15,005.
Even with much of the market moving lower, though, some stocks posted solid gains. Especially noteworthy were a pair of companies offering software as a service (SaaS) to their clients. Below, we'll look more closely at what helped Snowflake (NYSE: SNOW) and Salesforce.com (NYSE: CRM) shoot higher Thursday morning.
Source Fool.com
