As SaaS stocks retrace highs, a glance at today’s cloud fundamentals

The domestic stock market is advancing today on the back of some better-than-anticipated economic recovery data in the United States. While retail spending is still lower compared to the year-ago period, gains in May from April were better than anticipated.
The American stock market, ready to trade higher on any scrap of good news — even news predicated on economic weakness and the need for continued intervention — shot north, with the tech-heavy Nasdaq Composite index rising 2.3% to