SNOW - Snowflake CrowdStrike join software selloff in Zoom's wake

Snowflake (NYSE:SNOW), CrowdStrike Holdings (NASDAQ:CRWD) and ServiceNow (NYSE:NOW) were among the software stocks caught up in a broad selloff, Tuesday, as several companies in the cloud and data analysis sectors retreated in the wake of big losses from Zoom Video Communications (NASDAQ:ZM). Heading toward the market close, Snowflake (SNOW) and CrowdStrike (CRWD) were each down by about 4%, ServiceNow (NOW) was off by 3.3%, Atlassian (NASDAQ:TEAM) shares shed 4.5%, HubSpot (NYSE:HUBS) pulled back by 4% and Asana (NYSE:ASAN) fell by 4.6%. Many of those companies are involved in the types of software used to manage services and applications used by remote workers. As some larger companies have begun implementing plans to have workers return to the office in the coming months, concerns have arisen over growth opportunities for their services if there is a significant drop in employees working from home. Zoom (ZM) felt the brunt of that sentiment, as

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Snowflake, CrowdStrike join software selloff in Zoom's wake