From Stock Story Org:

Datadog (NASDAQ:DDOG) saw a 6.2% bump in stock price during the afternoon session as the Nasdaq and S&P 500 surged after strong earnings from tech giants. The Bureau of Labour reported a US job growth of 353,000, beating expectations. However, the strong market data could delay a Fed rate cut, with anticipation of a rate cut in the first half of 2024. The driver of a stock’s value is the sum of its future cash flows, which are negatively impacted by higher interest rates. Datadog’s shares are volatile and today’s movement indicates the market considers this news significant. The stock is up 16.4% this year.



Read more: Why Datadog (DDOG) Stock Is Trading Up Today