The software sector is trading lower, in line with a broader market downturn impacting technology stocks. Concerns over rising oil prices and an increase in bond yields are leading to fears of inflation and potential interest rate hikes by the Federal Reserve. This has prompted a move away from growth sectors like technology. Major software constituents like Palo Alto Networks and Oracle are also down, influenced by the macroeconomic sentiment and some company-specific headwinds. The Nasdaq 100, a tech-heavy index, also experienced a significant drop during the session.