Yahoo Finance Senior Producer John Hyland tracks today's top moving stocks and biggest market stories in this Market Minute, including Bloomberg reporting that Microsoft (MSFT) is offering buyouts to 7% of its workforce while shares of ServiceNow (NOW) experiences their largest single-day drop since 2020. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.

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Market

Salesforce Plummets 9% on Sector Panic. Is the Cloud Software King on Sale?

YahooApr 23, 2026

Salesforce (NYSE:CRM) stock is down 9% intraday to $172.55, caught in a sector-wide panic that’s gutting enterprise software valuations. The trigger came from ServiceNow‘s (NYSE:NOW) Q1 2026 report and the cascade of Wall Street price target cuts that followed, rather than any company-specific news at Salesforce. For retirement-focused investors, the question is whether the cloud ... Salesforce Plummets 9% on Sector Panic. Is the Cloud Software King on Sale?

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Tech

Software stocks plunge on ServiceNow, IBM results as AI fears escalate

CNBCApr 23, 2026

Shares of ServiceNow sank over 16%, dragging down other software names like Salesforce, Workday and Oracle with it.

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