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By Rodrigo Santos Andrade
Live: Stocks retreat as software shares plunge, oil surges Apr. 23, 2026 | Yahoo Finance
visibility comment0 event April 23, 2026 timer 18:04
#stockmarket #stockmarketnews
The decline in stocks comes as oil rose for a fourth day after Iran and the US failed to meet for further peace talks, pushing Brent crude futures (BZ=F) back above $105 per barrel. Meanwhile, West Texas Intermediate crude (CL=F) topped $96.
At the same time, the software sector fell throughout the morning as investors digested earnings reports from sector heavyweights ServiceNow and IBM. ServiceNow stock sank over 16% despite an upbeat earnings report, while IBM slid over 8%, as slowing revenue growth fed worries that Anthropic’s AI tools will disrupt its business.
Daily Market Coverage Apr. 23, 2026 3PM-5PM (ET) | Yahoo Finance
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