Hamas Releases Two Hostages, Google Maps Goes Offline In Gaza As Israel Prepares Ground Offensive
Portfolio Pulse from Piero Cingari
Two Israeli hostages were released by Hamas, attributed to diplomatic efforts by Egypt and the ICRC. Alphabet's Google has temporarily disabled live traffic conditions in Israel and the Gaza Strip for its Maps and Waze apps at the request of the Israeli military. The Israeli shekel ended flat, while the iShares MSCI Israel ETF fell 2.1%. The SPDR S&P 500 ETF Trust closed 0.2% lower, while the Invesco QQQ Trust posted a 0.3% gain. NVIDIA Corp. surged by 3.8%, and Bitcoin rose by 5.4%. The iShares 20+ Year Treasury ETF saw a 1.2% increase.
October 23, 2023 | 8:56 pm
News sentiment analysis
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NEGATIVE IMPACT
The iShares MSCI Israel ETF fell 2.1%, marking its ninth straight day of declines and ending at the lowest level since April 2020.
The ongoing conflict in Israel is negatively impacting the iShares MSCI Israel ETF, which has seen consistent declines.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The SPDR S&P 500 ETF Trust closed 0.2% lower, marking its fourth consecutive session of losses.
The SPDR S&P 500 ETF Trust is experiencing a downward trend, likely due to broader market conditions.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Google has temporarily disabled live traffic conditions in Israel and the Gaza Strip for its Maps and Waze apps at the request of the Israeli military.
The disabling of Google's live traffic conditions in Israel and Gaza is a response to the current conflict, but it's unclear how this will impact Alphabet's stock in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
NVIDIA Corp. surged by 3.8%, marking its most favorable session since late August.
NVIDIA Corp. experienced a significant surge, indicating a positive trend for this stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The Invesco QQQ Trust posted a 0.3% gain.
The Invesco QQQ Trust saw a slight gain, indicating a positive trend for this ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The iShares 20+ Year Treasury ETF saw a notable 1.2% increase in response to widespread declines in Treasury yields.
The iShares 20+ Year Treasury ETF saw an increase, likely due to declines in Treasury yields.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80