Shares of software companies are trading lower. The sector may be weighed down by Palo Alto Networks after the company reported its Q4 financial results.

Shares of software companies are trading lower after August's hotter-than-expected payrolls report increased expectations that the Federal Reserve could raise interest rates at its next meeting. A stronger U.S. dollar and higher rate expectations are weighing on growth stocks by reducing investor appetite for higher-risk assets.

SanDisk Jumps 10%, Lululemon Crashes 17%: Stock Market Today

A blowout August jobs report pushed traders to price a coin-flip chance of a Federal Reserve rate hike this month, dragging the S&P 500 and Dow lower by midday Friday.

Argus Research Reiterates Buy on Autodesk, Maintains $355 Price Target

Argus Research analyst Joseph Bonner reiterates Autodesk (NASDAQ:ADSK) with a Buy and maintains $355 price target.

Shares of software companies are trading higher amid sympathy with Snowflake after the company reported better-than-expected Q2 financial results, boosting sentiment across the sector. Falling Treasury yields and Fed's Waller's comments that he is inclined to support holding interest rates steady may also be supporting growth stocks by easing concerns about tighter monetary policy and improving risk appetite.

12 Information Technology Stocks Moving In Thursday's Pre-Market Session

Gainers Snowflake (NYSE:SNOW) stock increased by 23.2% to $376.85 during Thursday's pre-market session. The market value of their outstanding shares is at $106.0 billion. As per the press release, Q2 earnings came

Alpha Modus Secures U.S. Patent No.12,725,176 Covering How A Shopper's Behavior Inside A Physical Store Becomes A Priced, Personalized Offer Delivered To That Shopper's Phone.

U.S. advertisers are expected to spend $71.09 billion on retail media in 2026.1 Alpha Modus Holdings, Inc. (NASDAQ:AMOD) today announced that the United States Patent and Trademark Office has issued U.S. Patent No.