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. But is it too early to declare an all-clear to buy these types of beaten-down growth stocks?
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Why Twilio, MongoDB, and Datadog Rallied for the Second Day in a Row