Motley Fool
Why Twilio, MongoDB, and Datadog Rallied for the Second Day in a Row
Shares of high-growth software stocks Twilio (NYSE: TWLO), MongoDB (NASDAQ: MDB), and Datadog (NASDAQ: DDOG) were rallying this morning for the second day in a row, up 4.3%, 2.5%, and 6.6%, respectively, as of 11:39 AM EDT. It’s not hard to figure out why: This morning’s Consumer Price Index (CPI) report from November came in lighter than expected — making it the second month in a row that the CPI has surprised to the downside. High-growth but unprofitable tech stocks have proven to be highly sensitive to inflation and interest rates, and yesterday and today’s surges were no different.