Apr. 15 at 3:31 PM
Software rebound continues
Software stocks took another leg higher on Wednesday, with the iShares Expanded Tech-Software Sector ETF
rising more than 3% and now positive by almost 10% on the week.
While the ETF fell more than 7% last week on fears about Anthropic’s new AI model Claude Mythos, and how the technology will disrupt the software-as-a-service business model, a slew of names recovered this week.
The best performers on the Dow Jones Industrial Average in midday Wednesday trading were Microsoft
and Salesforce
, up nearly 4% and about 3%, respectively. Microsoft is now up 10% for the week, while Salesforce is up close to 7%.
$MSFT $CRM