Shares of technology companies rose as fears that artificial intelligence would wipe out demand for software-as-a-service were mitigated by one key earnings report.
Shares of Workday, the human-resources technology firm that uses the cloud-based SaaS model, advanced after its earnings topped Wall Street expectations.
Rivals such as Salesforce rose in sympathy. Still shares of Workday are down by more than 30% for the year to date.
Quantum-computing firms such as D-Wave and Rigetti Computing continued a rally related to the recent Trump administration decision to invest in corporations in the emerging field.
International Business Machines, one of the recipients of the federal quantum investments, was more or less flat.
