ServiceNow stock jumps 3% as battered software names bounce; what traders watch next
ServiceNow shares rose 3.1% to $103.87 in late U.S. trading Monday, rebounding with software stocks after recent losses. The S&P 500 software services index gained 2.9%. Options markets continued to price in high volatility, with traders eyeing U.S. payrolls data Wednesday and inflation figures Friday. Short interest in the sector remains elevated.