Software Stocks Brace for More Pain as Key Support Breaks
Software stocks are under renewed pressure as the IGV ETF tests a key technical support level; a BTIG strategist warns that repeated tests increase the odds of a breakdown, with high‑profile names like Okta, Snowflake, Zscaler, Palantir and ServiceNow down sharply, suggesting the sector could fall further even as broader tech dynamics remain mixed (semiconductors showing strength while software underperforms).