What happened Shares of Snowflake (NYSE: SNOW), Datadog (NASDAQ: DDOG), and HubSpot (NYSE: HUBS) soared Thursday, closing the session up 6.1%, 6.7%, and 8%, respectively. Inflation, the war in Ukraine, and ongoing supply chain problems all conspired to drag on the economy, and consumer spending grew less than anticipated. That certainly bodes well for both Snowflake, which operates the world's premier cloud data lake service, and Datadog, which offers a best-in-class cloud-based application observability suite.