Dell Technologies shares are trading lower as the stock pulls back after recent strength. The broader tech sector may also be under pressure following soft guidance from Salesforce.
Portfolio Pulse from Benzinga Newsdesk
Dell Technologies shares are trading lower as the stock pulls back after recent strength. The broader tech sector may also be under pressure following soft guidance from Salesforce.
May 30, 2024 | 2:36 pm
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NEGATIVE IMPACT
Salesforce's soft guidance is putting pressure on the broader tech sector, including Dell Technologies.
Salesforce's soft guidance is a significant factor affecting the tech sector, leading to a pullback in stocks like Dell Technologies.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Dell Technologies shares are experiencing a pullback after a period of strength. This decline is part of a broader trend in the tech sector, influenced by soft guidance from Salesforce.
Dell's stock is pulling back after a period of strength, which is a common market behavior. Additionally, the broader tech sector is under pressure due to Salesforce's soft guidance, which likely contributes to Dell's decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100