Why Datadog, MongoDB, and HubSpot Stocks Soared Today

Shares of monitoring and analytics platform provider Datadog (NASDAQ: DDOG), database specialist MongoDB (NASDAQ: MDB), and cloud-based marketing solutions company HubSpot (NYSE: HUBS) all jumped sharply on Wednesday. As of 1 p.m. EST, all three stocks were up about 8%.

The three stocks' gains are likely primarily fueled by a bullish day in the overall market as the Street digests a tight race for the U.S. presidential election. At the time of this writing, the S&P 500 was up 3.1%.

Many tech stocks, however, are gaining even more rapidly than the overall market. This is captured by the tech-heavy Nasdaq Composite's 4.1% gain at the time of this writing. Meanwhile, lots of tech growth stocks like Datadog, MongoDB, and HubSpot are rising even more sharply on Wednesday.

Source Fool.com