ServiceNow (NOW) fell 1.50% to close at $125.40 as U.S. equity markets experienced a sharp decline driven by geopolitical uncertainty following President Trump's tariff threats, leading to a risk-off sentiment across technology stocks.
- The stock's decline was part of a broader market sell-off, which saw the Nasdaq Composite drop 2.30% and the VIX surge above 20 for the first time since November.
- Despite the near-term weakness driven by macro factors, ServiceNow maintains strong analyst support, including 92% Buy ratings and a $200 price target from TD Cowen.
- The stock is currently trading near its 52-week low of $124.10, reflecting the impact of potential trade war escalation on technology equities.