Software stocks surge on broad sector optimism

Software stocks rallied strongly during the May 29, 2026 session, with broad sector optimism lifting major names and the software ETF. ServiceNow led gains (about +11%), while Palantir, Salesforce and Oracle posted double-digit/large mid-single-digit rises and Microsoft advanced ~3%. The sector-wide move — reflected in the iShares software ETF — suggests positive sentiment around software names and provided upward pressure on tech benchmarks, including the US Tech 100, despite no single clear catalyst being identified.