Software-as-a-Service Stocks Save Nasdaq From Cisco Swoon

Software-as-a-Service Stocks Save Nasdaq From Cisco Swoon

The Nasdaq Composite (NASDAQINDEX: ^IXIC) held up well on Thursday, keeping its big gains from Wednesday even as other major benchmarks gave up ground. Ordinarily, a 12% drop in shares of tech giant Cisco Systems (NASDAQ: CSCO) would have been enough to send the Nasdaq falling sharply. Zoom Video Communications (NASDAQ: ZM) was up more than 4%, while data analytics company Datadog (NASDAQ: DDOG) climbed over 7%.