Why Software Leaders ServiceNow, Snowflake, and UiPath Rallied Today

Software leaders ServiceNow (NYSE: NOW), Snowflake (NYSE: SNOW), and UiPath (NYSE: PATH) rallied on Friday, up 3.1%, 3.7%, and 4.4%, respectively, in the day's trading.There wasn't any company-specific news today on these three enterprise software leaders. However, today's solid jobs report, in combination with still-dovish commentary from Federal Reserve officials, sent each stock soaring.The past few years of rising interest rates have generally been difficult for software stocks. While ServiceNow has impressively managed to buck the trend and recover strongly after 2022's downturn, Snowflake and UiPath are still down 62% and 76% over the past three years, respectively.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool