FRSH fell 2.4% as enterprise-software stocks sold off after ServiceNow's quarterly outlook pointed to slower growth in contracted revenue. ServiceNow's results drove a sharp decline in the peer, while a broader tech-led risk-off session pushed the Nasdaq lower and lifted the VIX. CBOE Volatility Index The move was sector-led, with no company news behind it.
FRSH fell 2.4% as enterprise-software stocks sold off after ServiceNow's quarterly outlook pointed to slower growth in contracted revenue. ServiceNow's results drove a sharp decline in the peer, while a broader tech-led risk-off session pushed the Nasdaq lower and lifted the VIX. CBOE Volatility Index The move was sector-led, with no company news behind it.