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business/news//Markets Insider
Oracle (ORCL), Cadence Design (CDNS), and Fico (FICO) all rallied sharply from their recent multi-week lows on Monday.
Investor sentiment remained resilient despite failed U.S.-Iran talks and weak Goldman Sachs earnings.
KEY POINTS
Software sector stocks like Oracle, Cadence Design, and Fico rallied sharply from multi-week lows.
The iShares Expanded Tech-Software Sector ETF (IGV) surged 5.4%, its largest gain in a year.
WTI Crude Oil fell below $98 per barrel after spiking above $104 when futures reopened.