Business · CNBC Technology
She would lose so much patience that she pulled the ultimate trick reserved for when she was upset
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The team have so many struggles going on right now that it's hard to believe the market can stay up at this level for much longer.
Key facts
- ServiceNow has an $86 billion market cap, but it peaked at almost $242 billion in January 2025
- Salesforce clocks in at $152 billion, down from its December 2024 peak of $352 billion
- Nor did the debt-fueled $25 billion accelerated share repurchase executed in mid-March, part of a larger $50 billion buyback authorization
- NOW CRM,.SPX 1Y mountain ServiceNow's stock performance compared with Salesforce and the S & P 500 over the past 12 months
Summary
Nevertheless, if history was their guide, the S & P 500 should be down some 20% from its highs right now. The S & P 500 ended Friday 2.3% below its Jan. 27 all-time closing high. At its lows of the year on March 30, the index was off 9% from the highs. In the past, oil shocks have primarily hurt them at the pump. Since the Iran war began on Feb. 28, U.S. natural gas futures are down over 7%. While the U.S. is exporting a lot of natural gas via LNG terminals, they still have plenty of domestic supply. It's obvious that their country's efforts to become more fuel efficient and energy independent have worked.
The team don't have home-price appreciation any more, but the depreciation where it does exist has not inspired transactions. The yield on the benchmark 10-year Treasury note topped out on March 27 at almost 4.5%, following a big surge during the first few weeks of the Iran war.