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Why MongoDB, Fastly, and CrowdStrike Dropped Today

TheMotleyFool

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Tech stocks are tumbling on Tuesday -- and it's no great mystery why. As of 10:40 a.m. ET, shares of cloud computing companies MongoDB (NASDAQ: MDB) and Fastly (NYSE: FSLY) are down 2.6% and 5.5%, respectively. Cybersecurity specialist CrowdStrike Holdings (NASDAQ: CRWD) is sinking as well -- down 4.9%.

I blame JPMorgan Chase for all of the above.

In comments on the U.S. economy yesterday, JPM CEO Jamie Dimon predicted that a recession could arrive within the next "six to nine months." (Other economists believe we're already in a recession -- and have been since the economy booked its second straight quarter of negative growth in June.)

Source Fool.com

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