Why Snowflake, Datadog, and DocuSign Surged on Friday

Shares of popular enterprise software stocks Datadog (NASDAQ: DDOG), Snowflake (NYSE: SNOW), and DocuSign (NASDAQ: DOCU) surged today, up 5.4%, 4.4%, and 6.9%, respectively, as of 2:13 p.m. ET.

There wasn't much in the way of news out of these three companies today, although Datadog did announce a product update to its Observability suite.

More likely, this move had to do with investors actually pricing in an economic downturn. A downturn, you say? Here's why that may actually benefit these high-growth software names.

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Source Fool.com