Why Datadog, Appian, and MongoDB Crashed and Burned Today

Shares of software darlings Datadog (NASDAQ: DDOG), Appian (NASDAQ: APPN), and MongoDB (NASDAQ: MDB) were down 7.8%, 7.7%, and 7.9%, respectively, on Wednesday. 

The severe sell-off, in nearly equal proportions, indicates the drawdowns didn't have anything to do with these top tech names specifically. Rather, the likely culprit was the release of minutes from the Federal Reserve's December meeting, which indicated tighter financial conditions could be ahead.

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Source Fool.com