Shares of software and tech stocks are trading lower. Weakness may be in sympathy with Alphabet, which fell after reporting Q3 financial results.
Portfolio Pulse from Benzinga Newsdesk
Shares of software and tech stocks are trading lower, possibly in sympathy with Alphabet's Q3 financial results. Several tech companies including ADBE, ASAN, CRM, CRWD, DDOG, HUBS, INTU, MDB, NET, NOW, OKTA, PANW, PLTR, S, SNOW, TEAM, VMW, WDAY, ZS may be affected.
October 25, 2023 | 5:56 pm
News sentiment analysis
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NEGATIVE IMPACT
Adobe's stock price may be affected by Alphabet's Q3 financial results.
Adobe, being a tech company, may see its stock price affected by Alphabet's Q3 financial results due to the interconnected nature of the tech industry.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Asana's stock price may be affected by Alphabet's Q3 financial results.
Asana, being a tech company, may see its stock price affected by Alphabet's Q3 financial results due to the interconnected nature of the tech industry.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Alphabet's Q3 financial results have led to a decrease in its stock price, which may have influenced other tech stocks.
Alphabet's Q3 financial results were not as expected, leading to a decrease in its stock price. This has likely influenced the stock prices of other tech companies due to the interconnected nature of the tech industry.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100