Strategy, CrowdStrike, MongoDB, ServiceNow, and Okta Shares Are Soaring, What You Need To Know

Strategy, CrowdStrike, MongoDB, ServiceNow, and Okta Shares Are Soaring, What You Need To Know What Happened? A number of stocks jumped in the afternoon session after falling Treasury yields eased pressure on software stocks as signs of cooler U.S.–China tensions lifted risk appetite. The benchmark 10-year Treasury yield fell roughly 3 basis points to 4.97%, slipping below the 5% threshold, according to CNBC. A retreat in bond yields provides relief for enterprise software equities, whose valuations are anchored by cash flows projected years into the future. Separately, attention turned to the U.S.–China summit later in the week, slated to cover trade relations, artificial intelligence cooperation, and other geopolitical issues.