Shares of software stocks are trading lower following comments from Fed Chair Powell suggesting further rate hikes may be needed to curb inflation.
Portfolio Pulse from Benzinga Newsdesk
Software stocks are trading lower after Fed Chair Powell's comments suggesting further rate hikes may be needed to curb inflation.
June 21, 2023 | 3:18 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Asana's stock price may be negatively impacted by Fed Chair Powell's comments on potential rate hikes.
As a software stock, Asana is likely to be negatively impacted by the potential rate hikes suggested by Fed Chair Powell, as higher interest rates can lead to lower stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Bill.com's stock price may be negatively impacted by Fed Chair Powell's comments on potential rate hikes.
As a software stock, Bill.com is likely to be negatively impacted by the potential rate hikes suggested by Fed Chair Powell, as higher interest rates can lead to lower stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Salesforce's stock price may be negatively impacted by Fed Chair Powell's comments on potential rate hikes.
As a software stock, Salesforce is likely to be negatively impacted by the potential rate hikes suggested by Fed Chair Powell, as higher interest rates can lead to lower stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
CrowdStrike's stock price may be negatively impacted by Fed Chair Powell's comments on potential rate hikes.
As a software stock, CrowdStrike is likely to be negatively impacted by the potential rate hikes suggested by Fed Chair Powell, as higher interest rates can lead to lower stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Datadog's stock price may be negatively impacted by Fed Chair Powell's comments on potential rate hikes.
As a software stock, Datadog is likely to be negatively impacted by the potential rate hikes suggested by Fed Chair Powell, as higher interest rates can lead to lower stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Cloudflare's stock price may be negatively impacted by Fed Chair Powell's comments on potential rate hikes.
As a software stock, Cloudflare is likely to be negatively impacted by the potential rate hikes suggested by Fed Chair Powell, as higher interest rates can lead to lower stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Unity Software's stock price may be negatively impacted by Fed Chair Powell's comments on potential rate hikes.
As a software stock, Unity Software is likely to be negatively impacted by the potential rate hikes suggested by Fed Chair Powell, as higher interest rates can lead to lower stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
VMware's stock price may be negatively impacted by Fed Chair Powell's comments on potential rate hikes.
As a software stock, VMware is likely to be negatively impacted by the potential rate hikes suggested by Fed Chair Powell, as higher interest rates can lead to lower stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Zoom Video Communications' stock price may be negatively impacted by Fed Chair Powell's comments on potential rate hikes.
As a software stock, Zoom Video Communications is likely to be negatively impacted by the potential rate hikes suggested by Fed Chair Powell, as higher interest rates can lead to lower stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Zscaler's stock price may be negatively impacted by Fed Chair Powell's comments on potential rate hikes.
As a software stock, Zscaler is likely to be negatively impacted by the potential rate hikes suggested by Fed Chair Powell, as higher interest rates can lead to lower stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100