Shares of financial companies are trading lower amid a rise in Treasury yields and overall market weakness.
Portfolio Pulse from Benzinga Newsdesk
Financial sector stocks are down due to increasing Treasury yields and general market downturn.
January 02, 2024 | 8:19 pm
News sentiment analysis
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NEGATIVE IMPACT
ALTI shares are likely trading lower in response to rising Treasury yields and market weakness.
ALTI, being part of the financial sector, is affected by the sector's overall performance, which is currently down due to macroeconomic factors.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
ARES shares are likely trading lower due to the negative sentiment in the financial sector caused by rising Treasury yields.
ARES is experiencing a downturn in line with the broader financial sector, which is currently under pressure from macroeconomic factors.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
BAM shares are trading lower, likely influenced by the sector-wide decline in financial stocks due to increasing Treasury yields.
BAM's stock performance is likely mirroring the downward trend in the financial sector, which is being impacted by higher Treasury yields.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
BBDO shares are likely down in response to the broader market weakness and the rise in Treasury yields affecting financial stocks.
BBDO is part of the financial sector, which is currently facing a downturn due to macroeconomic factors such as rising Treasury yields.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
BN shares are trading lower, in line with the financial sector's downturn driven by the rise in Treasury yields.
BN's stock is affected by the overall performance of the financial sector, which is currently down due to increasing Treasury yields.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
BX shares are likely lower amid the sector-wide sell-off in financial stocks, exacerbated by rising Treasury yields.
BX is experiencing a decline along with the broader financial sector, which is negatively impacted by the macroeconomic environment.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
FUTU shares are likely down, following the trend in the financial sector due to the adverse effects of rising Treasury yields.
FUTU's performance is likely aligned with the financial sector's downturn, which is currently being influenced by rising Treasury yields.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
HOOD shares are trading lower, likely due to the negative impact of rising Treasury yields on the financial sector.
HOOD, as a financial company, is likely affected by the broader market sentiment and the rise in Treasury yields.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
MCB shares are likely lower in response to the broader sell-off in financial stocks, driven by the rise in Treasury yields.
MCB is part of the financial sector, which is currently experiencing a downturn due to the macroeconomic environment.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
OPFI shares are trading lower, in line with the financial sector's negative performance due to increasing Treasury yields.
OPFI's stock performance is likely affected by the overall downturn in the financial sector, which is facing headwinds from rising Treasury yields.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
PUK shares are likely down, following the financial sector's decline due to the negative effects of rising Treasury yields.
PUK is experiencing a decline in its stock price, in line with the broader financial sector's performance, which is currently under pressure from macroeconomic factors.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
PUYI shares are trading lower, likely due to the broader market weakness and the rise in Treasury yields affecting the financial sector.
PUYI, as part of the financial sector, is likely affected by the sector's overall downturn, which is being influenced by rising Treasury yields.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
TPG shares are likely lower amid the financial sector's downturn, which is being exacerbated by the rise in Treasury yields.
TPG's stock performance is likely mirroring the broader financial sector's downturn, which is currently being impacted by macroeconomic factors such as rising Treasury yields.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50