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Why Zscaler, Datadog, and Wix Stocks All Rallied Wednesday Morning

Why Zscaler, Datadog, and Wix Stocks All Rallied Wednesday Morning

A broad cross-section of stocks were in rally mode on Wednesday. Market watchers were focused on the Federal Reserve's ongoing battle to control rampant inflation. The latest U.S. government data showed that inflation cooled more than expected last month, which could convince the Federal Reserve to slow the pace of interest rate hikes.