Cloud stocks were flat for the week ending February 11, 2022.
Reopening trade was a key theme early in the week. Travel-related stocks (airlines, cruise lines, casinos, etc.) were some of the best-performing stocks, as COVID-19 cases decline in the U.S.
Highest CPI in 40 years. CPI increased 7.5% YoY driving bond yields higher, increasing concerns of higher interest rates, and pulling down the Nasdaq.