U.S. software stocks rebound
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Gronghui, April 13｜As the US stock market broadly rebounded, software company stocks also recovered on Monday, with a major ETF for the sector ending a three-day losing streak. Cybersecurity-related stocks outperformed the broader industry. The iShares Expanded Tech-Software Sector ETF rose 3.4%. Notable gainers included: Cloudflare up 7.8%, Palo Alto Networks up 2.4%, ServiceNow up 5.2%, Datadog up 2.4%, RingCentral up 5.9%, HubSpot up 4.7%, CrowdStrike up 4.8%, Palantir up 3.4%, and Zscaler up 1.6%.
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