Major indexes are higher as chip and tech stocks gain following strong earnings from AMD.
Portfolio Pulse from Benzinga Newsdesk
Major indexes are higher as chip and tech stocks gain following strong earnings from AMD.
July 31, 2024 | 1:38 pm
News sentiment analysis
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POSITIVE IMPACT
AMD reported strong earnings, leading to gains in chip and tech stocks and pushing major indexes higher.
AMD's strong earnings report has a direct positive impact on its stock price and indirectly benefits the broader tech sector, leading to gains in major indexes.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
The Dow Jones Industrial Average (DIA) is higher as chip and tech stocks gain following strong earnings from AMD.
Strong earnings from AMD have a positive impact on tech stocks, which in turn lifts the Dow Jones Industrial Average (DIA).
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
The Russell 2000 (IWM) is higher as chip and tech stocks gain following strong earnings from AMD.
Strong earnings from AMD positively impact tech stocks, contributing to gains in the Russell 2000 (IWM).
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
The Nasdaq-100 (QQQ) is higher as chip and tech stocks gain following strong earnings from AMD.
AMD's strong earnings report boosts tech stocks, leading to gains in the Nasdaq-100 (QQQ).
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
The S&P 500 (SPY) is higher as chip and tech stocks gain following strong earnings from AMD.
Strong earnings from AMD have a positive impact on tech stocks, which in turn lifts the S&P 500 (SPY).
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 60