Major indexes are lower amid weakness in Alphabet following its Q3 earnings report.
Portfolio Pulse from Benzinga Newsdesk
Major indexes are down due to weakness in Alphabet after its Q3 earnings report.
October 25, 2023 | 6:11 pm
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NEGATIVE IMPACT
The Dow Jones Industrial Average (DIA) is down due to weakness in Alphabet.
As Alphabet is a major component of DIA, its weak Q3 earnings report has negatively impacted the index.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
Alphabet's Q3 earnings report shows weakness, causing a drop in its stock price.
Alphabet's weak Q3 earnings report has led to a decrease in its stock price. This is likely to continue in the short term as investors react to the earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The Russell 2000 Index (IWM) is down due to weakness in Alphabet.
As Alphabet is a major component of IWM, its weak Q3 earnings report has negatively impacted the index.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
The NASDAQ 100 Index (QQQ) is down due to weakness in Alphabet.
As Alphabet is a major component of QQQ, its weak Q3 earnings report has negatively impacted the index.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
The S&P 500 Index (SPY) is down due to weakness in Alphabet.
As Alphabet is a major component of SPY, its weak Q3 earnings report has negatively impacted the index.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60