ServiceNow stock rises toward yearly high as software sector gains

ServiceNow shares rose sharply on Tuesday, heading for their best single-day performance in a year. The stock's advance coincided with gains across the broader software sector.

The company’s shares climbed more than 7 percent during the session, according to market data. This marked the largest one-day increase since May 2025. Trading volume exceeded the recent daily average as investors responded to the price movement. The advance lifted ServiceNow’s year-to-date return above the performance of several peer companies.

Other software companies also posted gains during the same session. The movement followed recent quarterly earnings reports from multiple firms in the sector. Market participants noted the price action without attributing specific causes beyond the reported data. Further updates on trading activity are expected in subsequent sessions.