Why HubSpot, Okta, and DocuSign Stocks All Slumped Today
Shares of a large number of stocks tumbled on Monday, as the market considered a wide range of economic issues that ultimately pushed the major U.S. stock indexes lower.
HubSpot (NYSE: HUBS) stock was down as much as 9.1% on Monday, Okta (NASDAQ: OKTA) was off by as much as 6.1%, and DocuSign (NASDAQ: DOCU) was also down as much as 6.1%. The trio ended the session down 7.4%, 4.3%, and 5.5%, respectively. It's worth noting that the broader market indexes were also down, with the S&P 500 losing 1.3% on the day, while the Nasdaq Composite declined 2.1%.
There didn't appear to be any company-specific news driving these stocks lower, but rather a number of macroeconomic factors that may have contributed to the sell-off.
Source Fool.com
