ServiceNow’s stock just had its worst day ever, taking the software sector down with it
A prominent software ETF is seeing its biggest daily decline in a year. There’s “no room for nuance” in the sector, an analyst says.
Last updated: 2026-04-29 17:54:09 ET
A prominent software ETF is seeing its biggest daily decline in a year. There’s “no room for nuance” in the sector, an analyst says.
Shares of ServiceNow sank over 16%, dragging down other software names like Salesforce, Workday and Oracle with it.
Editor's note: The futures, ETFs data, earnings and headline were updated. U.S. stock futures were mixed on Thursday following another record-breaking...
Investors may be taking issue with various elements of the software company’s margin forecast.
See which stocks are posting big moves after the bell.
The software company beat expectations for earnings and revenue as it continued to expand its artificial intelligence offerings.
ServiceNow CEO dismisses AI software threats as 'parlor tricks' as he raises forecasts
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