Investor Sentiment Recovers, Software Stocks Surge
Investor sentiment is proving to be less fragile than feared as traders have shrugged off both the no-deal result from U.S.-Iran negotiations in Pakistan this weekend as well as less-than stellar earnings out of Goldman Sachs - the first mega-cap to post Q1 earnings - which shed 2% on the day. Instead, areas of the market such as Software which have been hit particularly hard in early 2026 were some of the brightest spots on Monday - Oracle, Cadence Design, and Ficoall rallied sharply from their recent multi-week lows. After falling by nearly 30% year-to-date, the iShares Expanded Tech-Software Sector ETF (IGV) was up 5.4% on Monday - the biggest gain in a year.Hopes for continued dialog regarding conflicts in the Middle East are keeping risk-on flows in the opening hour of the evening session as well. S&P e-minis and Nasdaq 100 futures are up 0.1% and 0.2% respectively, while WTI Crude Oil has resumed its retreat, falling below $98 per barrel - this despite spiking 8% above $104 when futures reopened last night.Tuesday morning earnings out of JPMorgan, Citi, Wells Fargo, and Blackrockare keeping the markets focused on the Financials sector.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER -Bloom Energyup 15.5% after announcing expanded partnership with OracleCredo Technology Groupup 9.9% after acquiring DustPhotonicsSandiskup 2.8% after being started a EvercoreMarketWise1.9% after Q1 billings dataDOWN AFTER EARNINGS -FB Financial Corpdown 2.9%ALSO LOWER -Spyre Therapeuticsdown 2.0% after equity offering
