Key Highlights

● Salesforce shares fell to $225.31 on Tuesday, September 29, 2026, as enterprise software stocks were repriced.

● Oracle launched Fusion Claw, a governed runtime for 25 new Fusion agentic applications, and closed at $137.79.

● Meta launched Muse for Small Business, an AI agent with integrations for Shopify, QuickBooks, Stripe, Canva, Asana and Zoom.

● Higher Treasury yields reduce the present value of future profits, which tends to hit Growth Stocks hardest.

Salesforce, Inc. (NYSE:CRM) fell on Tuesday, September 29, 2026, closing at $225.31, as Oracle launched Fusion Claw, a platform for 25 new agentic applications that competes with Salesforce's Business software. Readings of the size of the decline differed, but the direction was lower.

Oracle's Big Push

Oracle (NYSE:ORCL) launched Fusion Claw, a governed runtime for 25 new Fusion agentic applications. Agentic AI refers to software agents that carry out tasks on their own, such as updating customer files, drafting responses or processing orders, rather than simply answering questions. Chief Executive Mike Sicilia said customers can automate increasingly complex work across their most important business processes with enterprise-grade governance. Oracle shares climbed, closing at $137.79, and the company also launched two financial-crime compliance tools, Nexus Case Flow and Nexus Reach.

Software Feels the Heat

ServiceNow (NYSE:NOW) also slipped as enterprise software was repriced after Oracle's launch and Meta's new enterprise offering. Meta Platforms (NASDAQ:META) launched Muse for Small Business, an AI agent with integrations for Shopify, QuickBooks, Stripe, Canva, Asana and Zoom. A leaked Anthropic IPO prospectus, as reported, showed 12-fold Revenue growth in 2025 and a valuation target above $2 trillion.

Yields Weigh on Growth

The 30-year Treasury Yield reached its highest level since 2002, and the 10-year touched its highest in roughly two decades. Higher yields reduce the present value of future profits, which tends to hit growth stocks hardest. Chicago Fed President Austan Goolsbee cautioned that expectations of productivity gains from AI in the future create a high danger of overheating now.

The Wider Market

The Nasdaq-100 edged higher to 30,339.33 on the chip rally, even as the S&P 500 slipped 12.85 points to 7,670.84 and the Dow Jones Industrial Average fell 131.59 points to 51,349.92. The Nasdaq Composite ended nearly flat at 26,797.54. Salesforce is a component of the Dow. The Conference Board's consumer confidence index fell to 81.9 in September from 88.6 in August, its lowest reading since 2014 and below the 89.2 forecast. New York Fed President John Williams said there is no need for urgency after the central bank's September meeting, and odds of an October rate hike fell to roughly a coin flip.

A Competitive Race Getting Crowded

With chip stocks rallying and software names lower, the session split the AI trade between hardware beneficiaries and application incumbents facing new entrants.