Shares of companies in the broader software sector are trading lower amid an overall market selloff following weak US jobs data. Weakness in Amazon and Intel has also weighed on the tech sector.
Portfolio Pulse from Benzinga Newsdesk
Shares of companies in the broader software sector are trading lower amid an overall market selloff following weak US jobs data. Weakness in Amazon and Intel has also weighed on the tech sector.
August 02, 2024 | 5:26 pm
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NEGATIVE IMPACT
Adobe's stock is trading lower due to weak US jobs data and overall market selloff.
Adobe, being part of the broader software sector, is affected by the market selloff caused by weak US jobs data.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
Amazon's stock is experiencing downward pressure due to weak US jobs data and overall market selloff.
Amazon is a major player in the tech sector, and its stock is sensitive to broader market conditions. The weak jobs data has led to a market selloff, impacting Amazon significantly.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 80
NEGATIVE IMPACT
Salesforce's stock is trading lower due to weak US jobs data and overall market selloff.
Salesforce, as a key player in the software sector, is impacted by the broader market selloff triggered by weak US jobs data.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
Intel's stock is facing downward pressure due to weak US jobs data and overall market selloff.
Intel, being a significant player in the tech sector, is affected by the overall market conditions. The weak jobs data has led to a market selloff, impacting Intel's stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 80
NEGATIVE IMPACT
Microsoft's stock is trading lower due to weak US jobs data and overall market selloff.
Microsoft, as a major software company, is impacted by the broader market selloff triggered by weak US jobs data.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70