SERVICENOW INC CEDEAR EACH 172 is trading 5.8% down now at $0.67 after a stronger-than-expected U.S. jobs report drove bond yields higher and pressured high-growth, rate-sensitive tech stocks.
- The stock is moving largely in line with a broader sell-off in growth and AI-software names as the Nasdaq and wider tech complex slide.
- Market sentiment is shifting on fading hopes for near-term Fed rate cuts, leading to a rotation away from rich-valuation growth plays.