Shares of software stocks are trading lower after Fitch downgraded the long-term credit rating of the US. This has weighed on market sentiment and pressured growth sectors.
Portfolio Pulse from Benzinga Newsdesk
Software stocks are trading lower following Fitch's downgrade of the long-term credit rating of the US. This has negatively impacted market sentiment and pressured growth sectors.
August 04, 2023 | 11:42 am
News sentiment analysis
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NEGATIVE IMPACT
Adobe's stock is trading lower due to the downgrade of the US credit rating by Fitch.
The downgrade of the US credit rating by Fitch has negatively impacted the market sentiment, causing a drop in Adobe's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Microsoft's stock is trading lower due to the downgrade of the US credit rating by Fitch.
The downgrade of the US credit rating by Fitch has negatively impacted the market sentiment, causing a drop in Microsoft's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Oracle's stock is trading lower due to the downgrade of the US credit rating by Fitch.
The downgrade of the US credit rating by Fitch has negatively impacted the market sentiment, causing a drop in Oracle's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100