MDB - Why MongoDB Splunk and Alteryx Shares All Jumped Today
Shares of MongoDB (NASDAQ: MDB), Splunk (NASDAQ: SPLK), and Alteryx (NYSE: AYX) all rose sharply on Tuesday. Each of these companies' stocks rose by double digits at one point before settling down slightly. As of the market close, they were up 16%, 14%, and 5%, respectively.
It was another volatile day on Wall Street, but it was the good kind today. The S&P 500, Dow Jones Industrial Average, and Nasdaq all rose by more than 5%.
News broke that President Trump has proposed a $1 trillion stimulus plan to combat the economic effects of the coronavirus pandemic. The plan is still in development, but it is said to include payouts to Americans.