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    "headline": "ServiceNow stock drops 3% to $141.29 on geopolitical risk-off selling and insider sales",
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    "prose": "ServiceNow stock fell 3.0% to $141.29 per share in a trading session following U.S. military strikes on Iranian targets in the Strait of Hormuz. [^1]\n\nUBS maintained its fundamental scenario that the Federal Reserve will not change current interest rates until the end of the year. [^2]\n\nU.S. forces launched military strikes against Iranian rocket launchers in the Strait of Hormuz, and Iran retaliated with drone and missile attacks on U.S. bases in Jordan. [^3]\n\nUBS stated that current labor and manufacturing data do not provide sufficient grounds for a new interest rate increase. [^4]\n\nUBS warned that upward movements in crude oil prices and supply-side constraints could force the Federal Reserve into a more hawkish stance than expected. [^5]\n\nA company director and a senior executive of ServiceNow sold shares in late August, adding a layer of negative sentiment to the stock. [^6]\n\nCrude oil prices spiked and risk appetite deteriorated across equity markets as a result of the U.S.-Iran confrontation. [^7]\n\nUBS predicted the Euro/dollar parity would move toward the 1.18 - 1.20 band as the Federal Reserve's tightening expectations ease. [^8]",
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