Major indexes are lower following weak US jobs data and soft guidance from Amazon and Intel.
Portfolio Pulse from Benzinga Newsdesk
Major indexes are lower following weak US jobs data and soft guidance from Amazon and Intel.
August 02, 2024 | 2:50 pm
News sentiment analysis
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NEGATIVE IMPACT
Amazon provided soft guidance, contributing to the decline in major indexes.
Amazon's guidance is a significant factor in the market's performance, and soft guidance typically leads to negative sentiment and a decline in stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The Dow Jones Industrial Average (DIA) is lower due to weak US jobs data and soft guidance from Amazon and Intel.
DIA is influenced by the overall market sentiment, which is currently negative due to weak jobs data and soft guidance from major companies.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Intel's soft guidance has contributed to the decline in major indexes.
Intel's guidance impacts investor sentiment and market performance, with soft guidance likely causing a negative reaction in stock prices.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
The Russell 2000 (IWM) is lower following weak US jobs data and soft guidance from Amazon and Intel.
IWM is affected by the broader market sentiment, which is negative due to weak jobs data and soft guidance from key companies.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
The Nasdaq-100 (QQQ) is lower due to weak US jobs data and soft guidance from Amazon and Intel.
QQQ is heavily influenced by tech stocks like Amazon and Intel, and their soft guidance has led to a decline in the index.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
The S&P 500 (SPY) is lower following weak US jobs data and soft guidance from Amazon and Intel.
SPY is impacted by the overall market sentiment, which is currently negative due to weak jobs data and soft guidance from major companies.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80