What happened Shares of high-growth enterprise software stocks Snowflake (NYSE: SNOW), Datadog (NASDAQ: DDOG), and MongoDB (NASDAQ: MDB) were falling hard again today -- down 2.9%, 2.7%, and 2.7%, respectively, as of 12:48 p.m. This morning, the Consumer Price Index (CPI) report for September came in hotter than expected for the second month in a row, putting upward pressure on interest rates and pushing down the valuations of high-growth, more expensive software stocks. So what On Thursday, analysts at Citibank released a recent survey of chief information officers (CIOs) showing a slowdown in the intention to grow IT services.