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MARKETS LIVE BLOG:

STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT EARNINGS

Results from 'Magnificent Seven' duo show cloud revenue boosted by strong AI demand

Why CrowdStrike, Zscaler, and Fortinet Stocks Dropped Today

Rich Smith, The Motley Fool
·3 min read
Why CrowdStrike, Zscaler, and Fortinet Stocks Dropped Today

Another hike to the benchmark federal funds interest rate is coming -- and growth investors are nervous. According to experts polled by CNBC, chances are good that when Federal Reserve officials announce their decision on interest rates Wednesday, the hike will be a relatively benign 25 basis points (0.25 percentage points). Investors in growth stocks -- and cybersecurity stocks CrowdStrike Holdings (NASDAQ: CRWD), Fortinet (NASDAQ: FTNT), and Zscaler (NASDAQ: ZS) in particular -- aren't 100% certain they like the sound of that.

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