On the enterprise software front, both Twilio (NYSE: TWLO) and Atlassian (NASDAQ: TEAM) had disappointing reports, as Twilio lowered its long-term growth forecast from 30% to 15%-25%, and Atlassian cut its fiscal 2023 guidance. Datadog reported solid earnings yesterday morning, but despite that, it wasn't enough to offset broader concerns over the killer combination of higher interest rates and slower growth on the software sector. It has been a brutal year for these types of enterprise software stocks, and the picture probably won't change until inflation comes down so that the Federal Reserve can lower interest rates again.