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Why Datadog Stock Is Falling Today

TheMotleyFool

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Why Datadog Stock Is Falling TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.theapi.app/temp/32e7a10f-efd0-424a-861f-2f3e0bb7ce02.png

Shares of Datadog (NASDAQ: DDOG), a cloud-based monitoring and analytics company, were tumbling today as investors responded to a broad market sell-off.

The tech stock was down by 11% as of 1:53 p.m. ET on Monday.

The tech-heavy Nasdaq Composite was down by 3.6% as investors took note that the 10-year Treasury yield reached its highest level since 2018, surpassing 3%. Higher Treasury yields can convince investors to move their money out of the stock market and into less risky investments.

Source Fool.com

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