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Why Shopify, Doximity, and Datadog Stock Fell Today

·3 min read
Why Shopify, Doximity, and Datadog Stock Fell Today

The share prices of Shopify (NYSE: SHOP), Doximity (NYSE: DOCS), and Datadog (NASDAQ: DDOG) were all falling today, along with many other tech stocks, as investors expect the Federal Reserve to hike interest rates when it meets later this week. Shopify was down 4.4%, Doximity had plummeted 12.8%, and Datadog had tumbled 6.8% as of 2:57 p.m. ET.