Shares of semiconductor and hardware stocks are trading lower amid weakness in tech as Treasury yields rise following March CPI data.
Portfolio Pulse from Benzinga Newsdesk
Semiconductor and hardware stocks, including HPQ, ON, QRVO, SLAB, STM, STX, SYNA, are trading lower due to weakness in tech, influenced by rising Treasury yields after the release of March CPI data.
April 10, 2024 | 5:48 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
HP Inc. shares are trading lower due to the broader tech sector's weakness influenced by rising Treasury yields.
HPQ, being part of the tech sector, is directly impacted by the sector's overall performance, which is currently under pressure due to rising Treasury yields.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
ON Semiconductor Corp. shares are trading lower amid the tech sector's downturn caused by increasing Treasury yields.
ON's performance is closely tied to the tech sector, which is currently experiencing a downturn due to the negative impact of rising Treasury yields.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Qorvo, Inc. shares are down, affected by the tech sector's weakness following an increase in Treasury yields.
As a part of the semiconductor industry, QRVO is impacted by the broader tech sector's challenges, currently exacerbated by rising Treasury yields.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Silicon Laboratories shares decline in response to the tech sector's slump, driven by higher Treasury yields.
SLAB is experiencing a downturn as part of the semiconductor sector, which is currently under pressure from the financial market's reaction to rising Treasury yields.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
STMicroelectronics shares are trading lower, impacted by the tech sector's downturn amid rising Treasury yields.
STM's stock performance is negatively affected by the broader tech sector's downturn, which is being influenced by the economic implications of rising Treasury yields.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Seagate Technology shares are down, following the tech sector's negative trend due to increasing Treasury yields.
As a key player in the hardware sector, STX is affected by the broader tech market's downturn, currently driven by the economic impact of rising Treasury yields.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Synaptics Incorporated shares are trading lower, in line with the tech sector's decline due to rising Treasury yields.
SYNA, being part of the tech sector, is directly impacted by the sector's overall negative performance, which is currently being influenced by rising Treasury yields.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80