Shares of tech stocks are trading higher following Wednesday's Fed decision to leave rates unchanged. Expectations of rate cuts in 2024 have helped lift growth stocks.
Portfolio Pulse from Benzinga Newsdesk
Tech stocks are trading higher after the Fed's decision to keep interest rates unchanged, with expectations of rate cuts in 2024 boosting growth stocks.
December 14, 2023 | 8:49 pm
News sentiment analysis
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POSITIVE IMPACT
AAOI shares are likely experiencing an uplift following the Fed's decision to maintain interest rates, with potential rate cuts in 2024 favoring growth stocks.
As a tech stock, AAOI is likely to benefit from the broader market movement towards growth stocks following the Fed's decision and future rate cut expectations.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
ADSK shares are likely trading higher as the Fed's unchanged rate decision and anticipation of future rate cuts are favorable for growth stocks.
ADSK, being part of the tech sector, is expected to see a positive impact on its stock price due to the favorable conditions for growth stocks created by the Fed's recent policy stance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
ASML shares are likely benefiting from the positive sentiment in the tech sector following the Fed's decision to hold interest rates, with rate cuts expected in 2024.
ASML's stock is expected to be positively influenced by the overall market trend favoring tech and growth stocks in light of the Federal Reserve's interest rate decision.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
FN shares are likely on the rise as the tech sector responds positively to the Fed's decision to leave rates unchanged and the possibility of rate cuts in 2024.
FN, as a participant in the tech industry, is anticipated to see its shares uplifted by the market's move towards growth stocks, which is driven by the Fed's recent actions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
HPE shares are likely experiencing a positive impact from the Fed's decision to keep interest rates steady, with the tech sector buoyed by the prospect of rate cuts in 2024.
HPE's stock price is expected to be positively affected by the broader tech sector's rise, which is a result of the Federal Reserve's decision and the anticipation of rate cuts.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
HUBS shares are likely trading higher in response to the Fed's decision to maintain current interest rates, with the tech sector optimistic about potential rate cuts in 2024.
HUBS is expected to see an increase in its stock price as it benefits from the positive market sentiment towards tech and growth stocks following the Fed's interest rate decision.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
LSCC shares are likely up as the tech sector reacts favorably to the Fed's unchanged interest rate policy and the potential for rate cuts in the coming years.
LSCC's stock is anticipated to benefit from the positive momentum in the tech sector, which is being driven by the Federal Reserve's decision to leave rates unchanged and hints at future cuts.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
MCHP shares are likely seeing an uplift from the Fed's decision to leave rates unchanged, with the tech sector buoyed by the prospect of future rate cuts.
MCHP is expected to experience a positive stock price movement as it is part of the tech sector, which is currently benefiting from the Federal Reserve's interest rate policy and the market's anticipation of rate cuts.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
MRVL shares are likely on an upward trajectory following the Fed's decision to keep interest rates steady, with the tech sector optimistic about future rate cuts.
MRVL's stock is likely to be positively impacted by the overall positive sentiment in the tech sector, which is a response to the Federal Reserve's current interest rate stance and expectations for rate cuts.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
MU shares are likely experiencing a boost as the tech sector responds positively to the Fed's decision to leave rates unchanged, with the prospect of rate cuts in 2024.
MU is expected to see its shares rise as it is part of the tech industry, which is currently benefiting from the Federal Reserve's decision to maintain interest rates and the market's anticipation of future rate cuts.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
TEAM shares are likely trading higher as the tech sector benefits from the Fed's decision to keep interest rates steady and the anticipation of rate cuts in 2024.
TEAM's stock is likely to be positively influenced by the broader market trend favoring tech and growth stocks in light of the Federal Reserve's interest rate decision and the market's outlook for rate cuts.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70