Salesforce surges 23%, triggering a SaaS rebound as Wall Street re-bets on traditional software.
SaaS stocks rebounded across the board, with Salesforce surging 23% in a single day, reigniting Wall Street's enthusiasm for software stocks.
Software stocks rebounded sharply on Thursday after Salesforce released better-than-expected quarterly results, with a clear reversal in sentiment in the SaaS sector, which had been suppressed by