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Shares of software companies are trading higher, possibly due to cooler-than-expected inflation data, which may ease concerns about future Fed rate hikes. President Trump's recent comments that he and a group of AI leaders signed a pact to "self-police" their products may ease SaaSpocalypse fears and help the legacy software developers.
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Shares of software companies are trading lower as rising oil prices and Treasury yields weigh on broader market sentiment. Elevated energy prices are fueling inflation concerns and expectations for interest rates to remain elevated, potentially pressuring growth-oriented stocks.