Benzinga Closing Bell Update: Semis Pull Back, Japan Stocks Fall After Q4 GDP Revision, Yen Rises
Portfolio Pulse from Benzinga Newsdesk
Semiconductor stocks experienced a pullback, while Japanese stocks declined following a revision of Japan's Q4 GDP. Concurrently, the Yen appreciated in value. The ETFs EWJ, SMH, and SOXX are directly mentioned in relation to these market movements.
March 11, 2024 | 7:42 pm
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NEGATIVE IMPACT
Japanese stocks decline following a revision of Japan's Q4 GDP, impacting the EWJ ETF.
The revision of Japan's Q4 GDP negatively impacted investor sentiment towards Japanese stocks, leading to a decline in the EWJ ETF, which tracks such stocks.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Semiconductor stocks experienced a pullback, impacting the SMH ETF.
The pullback in semiconductor stocks likely resulted from market adjustments or sector-specific news, leading to a decrease in the SMH ETF's value, which focuses on semiconductor stocks.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
The pullback in semiconductor stocks also impacts the SOXX ETF.
Similar to SMH, SOXX, which also tracks semiconductor stocks, experienced a decline due to the pullback in the semiconductor sector.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85