Why Salesforce, HubSpot, and MongoDB Stocks Were Climbing Today
Stocks soared for the second session in a row on hopes that the Federal Reserve and other central banks would ease back from the hawkish stances they've adopted in recent months.
That was good news for software stocks, which tend to be more sensitive to the macro-level economy than the rest of the market, and Salesforce (NYSE: CRM), HubSpot (NYSE: HUBS), and MongoDB (NASDAQ: MDB) all recorded strong gains on the day.
At the market close, Salesforce was up 5.3%, HubSpot finished 5% higher, and MongoDB had gained 4.8%.
Source Fool.com
