Many growth stocks, particularly in the tech sector, didn't grow their share prices on Monday. For instance, three notable up-and-coming tech companies -- Datadog (NASDAQ: DDOG), MongoDB (NASDAQ: MDB), and Okta (NASDAQ: OKTA) -- all fell much harder on the day than the S&P 500 index. None of the three had significant price-moving news of their own to report, so it's apparent that their falls (with Datadog off 3.6%, Okta down 4.7%, and MongoDB 4.9% lower) had more to do with those developments.
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