Shares of software stocks are trading higher as stocks gain following a softer-than-expected May CPI report. The Fed on Wednesday left rates unchanged.
Portfolio Pulse from Benzinga Newsdesk
Shares of software stocks are trading higher as stocks gain following a softer-than-expected May CPI report. The Fed on Wednesday left rates unchanged.
June 12, 2024 | 6:57 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Appian Corporation (APPN) shares are trading higher due to a positive market reaction to a softer-than-expected May CPI report and the Fed's decision to leave rates unchanged.
The overall positive market sentiment driven by the CPI report and Fed's decision is likely to boost software stocks, including APPN.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Confluent Inc. (CFLT) shares are trading higher due to a positive market reaction to a softer-than-expected May CPI report and the Fed's decision to leave rates unchanged.
The overall positive market sentiment driven by the CPI report and Fed's decision is likely to boost software stocks, including CFLT.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Datadog Inc. (DDOG) shares are trading higher due to a positive market reaction to a softer-than-expected May CPI report and the Fed's decision to leave rates unchanged.
The overall positive market sentiment driven by the CPI report and Fed's decision is likely to boost software stocks, including DDOG.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Elastic N.V. (ESTC) shares are trading higher due to a positive market reaction to a softer-than-expected May CPI report and the Fed's decision to leave rates unchanged.
The overall positive market sentiment driven by the CPI report and Fed's decision is likely to boost software stocks, including ESTC.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Fair Isaac Corporation (FICO) shares are trading higher due to a positive market reaction to a softer-than-expected May CPI report and the Fed's decision to leave rates unchanged.
The overall positive market sentiment driven by the CPI report and Fed's decision is likely to boost software stocks, including FICO.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Intuit Inc. (INTU) shares are trading higher due to a positive market reaction to a softer-than-expected May CPI report and the Fed's decision to leave rates unchanged.
The overall positive market sentiment driven by the CPI report and Fed's decision is likely to boost software stocks, including INTU.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
MongoDB Inc. (MDB) shares are trading higher due to a positive market reaction to a softer-than-expected May CPI report and the Fed's decision to leave rates unchanged.
The overall positive market sentiment driven by the CPI report and Fed's decision is likely to boost software stocks, including MDB.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
monday.com Ltd. (MNDY) shares are trading higher due to a positive market reaction to a softer-than-expected May CPI report and the Fed's decision to leave rates unchanged.
The overall positive market sentiment driven by the CPI report and Fed's decision is likely to boost software stocks, including MNDY.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
PagerDuty Inc. (PD) shares are trading higher due to a positive market reaction to a softer-than-expected May CPI report and the Fed's decision to leave rates unchanged.
The overall positive market sentiment driven by the CPI report and Fed's decision is likely to boost software stocks, including PD.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
SAP SE (SAP) shares are trading higher due to a positive market reaction to a softer-than-expected May CPI report and the Fed's decision to leave rates unchanged.
The overall positive market sentiment driven by the CPI report and Fed's decision is likely to boost software stocks, including SAP.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80