business / news / / The Economic Times
U.S. stocks fell in choppy trading on Thursday as hopes dimmed for a quick end to the Iran war.
Iran tightened control over the Strait of Hormuz, releasing footage of their commandos seizing a cargo ship.
KEY POINTS
- ServiceNow stock dropped 17% after reporting delayed government contracts in the Middle East, fueling software sector fears.
- The S&P 500 software and services index fell about 5% due to concerns over AI-driven business disruptions.
- Avis Budget shares plummeted 50% over two days, marking its steepest drop after a recent rally.
COMPANIES
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