Major indexes are lower following mixed economic data and weak guidance from Salesforce.
Portfolio Pulse from Benzinga Newsdesk
Major indexes are lower following mixed economic data and weak guidance from Salesforce.
May 30, 2024 | 1:48 pm
News sentiment analysis
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NEGATIVE IMPACT
Salesforce provided weak guidance, contributing to the decline in major indexes.
Salesforce's weak guidance is a significant factor in the decline of major indexes, indicating potential short-term negative impact on its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
The Dow Jones Industrial Average (DIA) is lower due to mixed economic data and weak guidance from Salesforce.
DIA is likely to be negatively impacted in the short term due to the overall market sentiment driven by mixed economic data and Salesforce's weak guidance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
The Nasdaq-100 (QQQ) is lower following weak guidance from Salesforce and mixed economic data.
QQQ is likely to see a short-term decline due to the negative sentiment from Salesforce's weak guidance and mixed economic data.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
The S&P 500 (SPY) is lower due to mixed economic data and weak guidance from Salesforce.
SPY is expected to be negatively impacted in the short term due to the overall market sentiment driven by mixed economic data and Salesforce's weak guidance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80