Oracle fell more than 3%, Salesforce nearly 4%, ServiceNow 3% and Adobe 2.6% in early trading, according to MSX.COM data.
U.S. software shares moved lower at the start of trading after AppLovin's revenue came in below expectations, weighing on sentiment across the sector. Oracle fell more than 3%, Salesforce dropped nearly 4%, ServiceNow declined 3% and Adobe lost 2.6%, according to MSX.COM data. The move points to broader pressure on software names when earnings from a sector peer disappoint, especially at the market open when investors rapidly reprice growth expectations.