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ServiceNow Inc. shares dropped after the company reported disappointing results, citing delayed sales deals due to the Middle East war. The S&P 500 still rose to an all-time high on strong corporate results and a ceasefire extension with Iran.
ServiceNow Inc. shares fell in extended trading after the company reported disappointing results. The software provider attributed some sales deal delays to the Middle East war. Despite this, the S&P 500 reached an all-time high on strong corporate results and President Donald Trump's extension of a ceasefire with Iran. Chipmakers saw a 16th consecutive day of gains, the longest winning streak ever. Jay Hatfield, Infrastructure Capital Advisors CEO and CIO, remains optimistic about the market, standing by his year-end S&P 500 price target of 8,000. The S&P 500's gain extended its monthly advance, set to be the best since 2020.
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