Datadog Inc is trading 5.3% down at $230.78 as investors rotate out of richly valued software and growth names following stronger-than-expected U.S. jobs data.
- The move tracks sharp declines in the Nasdaq and rising Treasury yields, which are reinforcing a higher-for-longer interest rate narrative.
- The selloff reflects broad macro-economic pressure on high-multiple stocks rather than any new company-specific headlines.