Benzinga Market Summary: Biden Drops Out Of Race And Endorses Harris, Crowdstrike Shares Continue To Fall Following Global Outage, Israel's Netanyahu To Visit Washington, Verizon Slips On Revenue Miss
Portfolio Pulse from Benzinga Newsdesk
Benzinga Market Summary: President Biden drops out of the race and endorses Vice President Harris. Crowdstrike shares continue to fall following a global outage. Israel's Prime Minister Netanyahu is set to visit Washington. Verizon slips on a revenue miss.
July 22, 2024 | 1:51 pm
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NEUTRAL IMPACT
Israel's Prime Minister Netanyahu's visit to Washington could impact the iShares MSCI Israel ETF (EIS) depending on the outcomes of the visit.
The visit of Israel's Prime Minister to Washington could have various outcomes that might affect the iShares MSCI Israel ETF. However, the direct impact is uncertain at this point.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Biden dropping out of the race and endorsing Harris could create political uncertainty, potentially affecting the SPDR S&P 500 ETF (SPY).
The political landscape shift with Biden dropping out and endorsing Harris could create uncertainty, which might affect the broader market represented by the SPDR S&P 500 ETF. However, the direct impact remains to be seen.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Crowdstrike shares continue to fall following a global outage, indicating potential short-term volatility.
The global outage has directly impacted Crowdstrike's operations, leading to a decline in share prices. This event is likely to cause short-term volatility as investors react to the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Verizon shares slip following a revenue miss, suggesting potential short-term downward pressure on the stock.
Verizon's revenue miss has disappointed investors, leading to a decline in share prices. This is likely to result in short-term downward pressure on the stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100