Pressure continues to build in software as ServiceNow (NOW) leads a broader pullback tied to fading confidence in A.I. positioning. Attention is shifting from inflation pressures abroad and geopolitical risk to the start of earnings season, with key reports ahead from TSM (TSM), ASML (ASML), Netflix (NFLX), JPMorgan (JPM), and PepsiCo (PEP). Together, the results should offer fresh insight into supply chains, consumer health, and overall market direction.