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Why Datadog Stock Rose Monday

TheMotleyFool

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Shares of Datadog (NASDAQ: DDOG) jumped on Monday on seemingly no company-related news. The cloud-based software platform company's shares may have risen as some investors are moving back into tech stocks, after exiting the sector over the past couple of weeks.

The tech stock was up by 5.8% as of 3:16 p.m. EDT.

Toward the end of February, investors started exiting the tech sector as bond yields began to rise. To some investors, the rising yield rates indicated that the economy was picking up momentum and that other sectors outside of tech might soon start growing as well.

Source Fool.com

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