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<US>DJIA Once Slumps Max. 1.3%, Ending Down 179 pts; Software Stocks Lead Rout
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Amid lingering uncertainty over US-Iran peace talks, declines in software shares, and oil price surges, US equities retreated from their peaks on Thursday. The DJIA once sank as much as 628 points or 1.3% after midday to a bottom of 48,861. It eventually closed down 179 points or 0.4% at 49,310. The Nasdaq ended 219 points or 0.9% lower at 24,438. The S&P 500 fell 29 points or 0.4%, closing at 7,108. Software stocks were under sell-off pressure. Microsoft (MSFT.US) slid 4%. Oracle (ORCL.US) slumped 6%. IBM (IBM.US) plunged 8.3%. While it reported forecast-beating earnings for 1Q26, growth in its software business slowed. ServiceNow (NOW.US) nosedived 17.8% after it lowered its operating margin guidance. Auto-translated by AI AASTOCKS Financial News |
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