Major indexes are lower amid this week's selloff in tech stocks. A global outage caused by a CrowdStrike update may also be pressuring the market.
Portfolio Pulse from Benzinga Newsdesk
Major indexes are lower amid this week's selloff in tech stocks. A global outage caused by a CrowdStrike update may also be pressuring the market.
July 19, 2024 | 5:40 pm
News sentiment analysis
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NEGATIVE IMPACT
CrowdStrike (CRWD) is facing negative sentiment due to a global outage caused by its update, adding pressure to the broader market selloff in tech stocks.
CrowdStrike is directly responsible for the global outage, which is contributing to the negative sentiment in the tech sector and the broader market selloff.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
The Dow Jones Industrial Average (DIA) is experiencing a decline due to a broader selloff in tech stocks and a global outage caused by a CrowdStrike update.
The Dow Jones Industrial Average is likely to be impacted negatively due to the broader market selloff in tech stocks and the additional pressure from the CrowdStrike outage.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The Russell 2000 ETF (IWM) is facing downward pressure due to the tech stock selloff and the global outage caused by a CrowdStrike update.
The Russell 2000 ETF is likely to see a decline as it is affected by the broader market selloff in tech stocks and the CrowdStrike outage.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The Nasdaq-100 ETF (QQQ) is significantly impacted by the tech stock selloff and the global outage caused by a CrowdStrike update.
The Nasdaq-100 ETF is heavily weighted in tech stocks, making it particularly vulnerable to the selloff and the additional pressure from the CrowdStrike outage.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
The S&P 500 ETF (SPY) is down due to the tech stock selloff and the global outage caused by a CrowdStrike update.
The S&P 500 ETF is likely to be negatively impacted due to its significant exposure to tech stocks and the additional market pressure from the CrowdStrike outage.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85