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. As of 3 p.m. EST, the Nasdaq was down about 10.2% from all-time highs set in February. 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.