🔴 Datadog Inc is trading 4.1% down today as rising yields pressure high-valuation tech

Datadog Inc is trading at $233.60 (down 4.1%) as investors dump high-valuation tech in a broad risk-off move.

• The S&P 500 is down 1.6% and the Nasdaq nearly 2.7% as higher-for-longer rate fears and rising Treasury yields pressure growth and software names.
• The drop appears tied mainly to sector and macro weakness, with no notable company-specific headlines or rating changes reported today.