Cloud and software stocks jump as WCLD gains 2.7% while Dow drops 784 points amid oil surge

On Thursday, cloud and software stocks climbed even as the broader U.S. equity market fell sharply and oil prices spiked. The WisdomTree Cloud Computing Fund rose 2.7%, its strongest session since April 24, while the Dow Jones Industrial Average slid 784.67 points and crude benchmarks WTI and Brent settled significantly higher. Major cloud names like Okta, Wix.com, MongoDB and others posted notable gains, and global forex pairs also saw mild moves as traders reacted to the day's market shocks.