U.S software stocks climb, bucking broader tech weakness

Atlassian

Tue 15:46

   ** Shares of beaten down U.S. software companies rise, bucking the broader tech weakness
** Microsoft MSFT.O up 1.5%, ServiceNow NOW.N advances  2.7%, Salesforce CRM.N adds 1%
** Autodesk ADSK.O gains 1%, Atlassian TEAM.O ahead 1.2% 
** The S&P 500 software index .SPLRCIS rises 1.7% 
** The gains contrast against a broad pullback in tech stocks .SPLRCT led by losses in Nvidia NVDDA.O and Micron MU.O after a strong run
** Up to last close, software index is down 21% YTD compared to 92% surge in the Philadelphia chip index .SOX 
 
 
   

 (Reporting by Sudeshna Ghoshal in Bengaluru)
 ((Sudeshna.Ghoshal@thomsonreuters.com;))