Why Stocks Like HubSpot, Datadog, Fastly, CrowdStrike, and Criteo All Pulled Back Sharply Today
While it's too soon to call this a bear market, the Nasdaq index officially entered correction territory on Thursday. A correction usually refers to a drop of 10% or more. As of 3 p.m. EST, the Nasdaq was down about 10.2% from all-time highs set in February. Therefore, with the tech-heavy index down so sharply, it wasn't surprising to see certain tech-stock darlings down today as well.
Stocks like customer relationship management company HubSpot (NYSE: HUBS), data-analytics business Datadog (NASDAQ: DDOG), content delivery network Fastly (NYSE: FSLY), cybersecurity operator CrowdStrike Holdings (NASDAQ: CRWD), and advertising-technology company Criteo (NASDAQ: CRTO) were all down between 5% and 10% as of this writing. Some had minor news to report. But by and large, they sold off with the market.
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Source Fool.com
