Here's Why CrowdStrike, Datadog, and MongoDB Were Under Pressure on Thursday

It was a modestly negative day in the stock market for much of Thursday. As of about 2:30 p.m. ET, the Dow Jones Industrial Average was flat, while both the S&P 500 and Nasdaq Composite were firmly in the red. The Nasdaq was by far the worst performer of the three major indexes, down by 1.7%.

However, some of the fastest-growing companies in the market continued their recent slump and were dramatically underperforming the broader market. Cybersecurity giant CrowdStrike Holdings (NASDAQ: CRWD) was down by nearly 5%, while database software companies Datadog (NASDAQ: DDOG) and MongoDB (NASDAQ: MDB) were down by 5% and 8%, respectively.

Image source: Getty Images.

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Source Fool.com