Why Software Leaders ServiceNow, Snowflake, and UiPath Rallied Today

A hot jobs report combined with still-dovish Fedspeak lifted the rate-sensitive software sector. Software leaders ServiceNow (NOW 3.04%), Snowflake (SNOW 3.85%), and UiPath (PATH 4.52%) 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. Software stocks to b ...