US indexes are higher as Bank Of America and UnitedHealth rise following their earnings reports, while better-than-expected June retail sales also lift sentiment. The Nasdaq fell amid a possible rotation out of tech.
Portfolio Pulse from Benzinga Newsdesk
US indexes are higher as Bank Of America and UnitedHealth rise following their earnings reports, while better-than-expected June retail sales also lift sentiment. The Nasdaq fell amid a possible rotation out of tech.
July 16, 2024 | 2:35 pm
News sentiment analysis
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NEGATIVE IMPACT
The Nasdaq falls amid a possible rotation out of tech, impacting QQQ ETF.
A possible rotation out of tech stocks leads to a decline in the Nasdaq, negatively impacting the QQQ ETF.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
Bank Of America shares rise following strong earnings report, contributing to higher US indexes.
Bank Of America's strong earnings report positively impacts its stock price, contributing to the overall rise in US indexes.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 80
POSITIVE IMPACT
UnitedHealth shares increase after reporting strong earnings, boosting US indexes.
UnitedHealth's strong earnings report leads to a rise in its stock price, contributing to the overall positive sentiment in US indexes.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 80