ServiceNow Inc is trading 5.1% down at $113.33 after stronger-than-expected U.S. jobs data reinforced expectations that interest rates may stay higher for longer, pressuring growth and technology stocks.
- The stock is sliding alongside a broader tech-led selloff, with the S&P 500 and Nasdaq both down more than 1%.
- Investors are rotating out of rate-sensitive names rather than reacting to any new, company-specific news.