ServiceNow (NOW) Drops 5.8%, Wiping Out $7 Billion in Value
As seen on the 24/7 Wall St. homepage on October 29, 2026.
A 5.8% slide to $113.96 is the first full session since Q3 results were filed with the SEC, and it erases roughly $7 billion from a $117.8 billion enterprise software leader. How it holds near this level sets the tone for the rest of the group.
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ServiceNow slid to $113.96 during regular trading hours, erasing roughly $7 billion in market value from one of the largest enterprise software platforms in the market.
This is the first full session since ServiceNow filed its Q3 results with the SEC, giving the market its first clean opportunity to reprice the stock in response to that disclosure.
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The stock found a rough floor in the $113 to $114 range through the afternoon without staging a meaningful recovery from the open. Whether that level holds through the close is the key number to follow.
A 5.8% single-day drop in a mega-cap software name carries weight beyond one stock. ServiceNow is widely held as a bellwether for enterprise software spending, so how it settles near current levels will influence sentiment across the broader group.
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