Shares of software and IT stocks are trading lower after Fitch downgraded the US credit rating, which has weighed on risk sentiment.
Portfolio Pulse from Benzinga Newsdesk
Shares of software and IT stocks are trading lower following Fitch's downgrade of the US credit rating, which has negatively impacted risk sentiment.
August 04, 2023 | 11:48 am
News sentiment analysis
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NEGATIVE IMPACT
APPN's stock is trading lower due to the US credit rating downgrade by Fitch.
The downgrade of the US credit rating by Fitch has negatively impacted the risk sentiment, leading to a decrease in the stock price of APPN.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
ASAN's stock is trading lower due to the US credit rating downgrade by Fitch.
The downgrade of the US credit rating by Fitch has negatively impacted the risk sentiment, leading to a decrease in the stock price of ASAN.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
AZPN's stock is trading lower due to the US credit rating downgrade by Fitch.
The downgrade of the US credit rating by Fitch has negatively impacted the risk sentiment, leading to a decrease in the stock price of AZPN.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100