MNDY - Hot Stocks: MNDY drags on work-at-home stocks; KOD plunges 80%; TEN skyrockets; TOL hits low; WTTR sets high

Stocks recorded another day of losses on Wednesday, weighed down by continued worries about tension with Russia and lingering fear about rising interest rates. The Nasdaq led the decline with a slide of 2.6%, as speculative names saw the most aggressive selling.  Meanwhile, the S&P 500 dropped 1.8%, its fourth consecutive day of declines and its seventh losing session out of the last nine. The index also recorded its first close below 4,300 since July.  monday.com (NASDAQ:MNDY) contributed to the overall slide, losing more than a quarter of its value on weak guidance included with its earnings report. This led to an overall slide in the workflow management space, with Asana (NYSE:ASAN) and RingCentral (NYSE:RNG) also staging notable retreats. Kodiak (NASDAQ:KOD) was another major loser on the day. Shares plunged 80% after its lead product candidate failed in a recent clinical trial. Toll Brothers (NYSE:TOL) lost ground as well, dropping

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Hot Stocks: MNDY drags on work-at-home stocks; KOD plunges 80%; TEN skyrockets; TOL hits low; WTTR sets high