Shares of tech companies are trading lower amid overall market weakness following a rise in Treasury yields after yesterday's FOMC statement. Also, weekly initial jobless claims data came in below estimates, which could potentially encourage more rate hikes.
Portfolio Pulse from Benzinga Newsdesk
Tech stocks are trading lower due to overall market weakness following a rise in Treasury yields after the FOMC statement. The lower-than-expected weekly initial jobless claims data could potentially encourage more rate hikes.
September 21, 2023 | 4:57 pm
News sentiment analysis
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NEGATIVE IMPACT
ACLS shares are likely trading lower due to overall market weakness and potential rate hikes.
The overall market weakness and potential rate hikes are likely affecting ACLS shares negatively.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
ADBE shares are likely trading lower due to overall market weakness and potential rate hikes.
The overall market weakness and potential rate hikes are likely affecting ADBE shares negatively.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
AMD shares are likely trading lower due to overall market weakness and potential rate hikes.
The overall market weakness and potential rate hikes are likely affecting AMD shares negatively.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
BILL shares are likely trading lower due to overall market weakness and potential rate hikes.
The overall market weakness and potential rate hikes are likely affecting BILL shares negatively.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
DDOG shares are likely trading lower due to overall market weakness and potential rate hikes.
The overall market weakness and potential rate hikes are likely affecting DDOG shares negatively.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50