The S&P And Nasdaq are lower amid weakness in NVIDIA and Meta as well as a drop in Netflix following its earnings report. Stocks may also be experiencing continued volatility on Israel-Iran tensions.
Portfolio Pulse from Benzinga Newsdesk
The S&P and Nasdaq indices are down, influenced by declines in NVIDIA, Meta, and Netflix, with the latter's drop attributed to its earnings report. Market volatility is also being fueled by geopolitical tensions between Israel and Iran.
April 19, 2024 | 4:23 pm
News sentiment analysis
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NEGATIVE IMPACT
Meta's stock is experiencing a downturn, affecting the Nasdaq's performance.
Meta's downturn is highlighted as a reason for the Nasdaq's decline, suggesting a negative short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Netflix's stock drops following its earnings report, contributing to the Nasdaq's decline.
Netflix's earnings report led to a stock price drop, directly affecting the Nasdaq's performance and indicating a negative short-term impact.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
NVIDIA's stock is down, contributing to the overall decline in the Nasdaq index.
NVIDIA's decline is directly mentioned as a factor for the Nasdaq's lower performance, indicating a negative short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The Nasdaq ETF, QQQ, likely faces downward pressure due to declines in major tech stocks like NVIDIA, Meta, and Netflix.
As QQQ is a Nasdaq ETF, the declines in significant holdings like NVIDIA, Meta, and Netflix suggest a negative short-term impact on its value.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 70
NEGATIVE IMPACT
The S&P 500 ETF, SPY, is impacted by the overall market downturn, with specific pressure from tech sector declines.
SPY, mirroring the S&P 500, is negatively impacted by the broader market downturn and specific declines in tech stocks, indicating a short-term negative impact.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 60