S&P 500 down 119 points, 3.5%

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ServiceNow shares are up 4% after revenue tops estimates

ServiceNow Inc. undefined shares were up 4% in after-hours trading Wednesday after the collaborative-software company reported fiscal third-quarter revenue that edged Wall Street estimates. ServiceNow reported net income of $12.9 million, or 7 cents a share, compared with net income of $40.6 million, or 22 cents a share, in the year-ago quarter. Revenue soared 30% to $1.15 billion from $885.8 million a year ago. Analysts surveyed by FactSet had expected net income of $1.03 a share on revenue of $1.1 billion. ServiceNow shares are up nearly 72% this year as it continues to feel the effects of the pandemic. The broader S&P 500 index undefined has inched up 1% in 2020.

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