Shares of companies in the broader technology 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 technology 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 | 6:30 pm
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NEGATIVE IMPACT
Amazon's stock is trading lower due to weak US jobs data and overall market selloff, contributing to the broader tech sector's decline.
Amazon is a major player in the tech sector, and its performance significantly impacts the sector. Weak US jobs data has led to a market selloff, further pressuring Amazon's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Intel's stock is trading lower due to weak US jobs data and overall market selloff, adding to the tech sector's decline.
Intel is a key player in the tech sector, and its performance has a significant impact on the sector. The weak US jobs data has led to a market selloff, further pressuring Intel's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90