Cloud stocks jump, head for best day in nearly a year despite broad market declines

Group 1 - Cloud stocks showed resilience amid a broader market decline, with the WisdomTree Cloud Computing Fund (WCLD) gaining 4.5%, marking its best performance since April 24, when it rose 4.7% [1] - Key contributors to the WCLD's rise included Okta, which surged 8.8%, Wix.com, MongoDB, and Intapp, which saw gains of approximately 7%, and Sailpoint, which increased by 6.5% [1] Group 2 - Okta's stock rally followed the release of its fourth-quarter results, which surpassed Wall Street's expectations, although the company provided weak guidance for the first quarter [2] - Despite the day's gains, Okta's stock is down 9.8% year to date, indicating ongoing challenges in the software sector [2] Group 3 - Overall, cloud stocks are under pressure in 2026, with the WCLD down about 16.2% year to date, primarily due to concerns regarding artificial intelligence disrupting established software companies [3]