Major indexes are lower following recent strength. Indexes may also be under pressure amid weakness in NVIDIA ahead of its earnings report and a drop in semi stocks after SMCI delayed its 10-K.
Portfolio Pulse from Benzinga Newsdesk
Major indexes are experiencing a downturn following recent gains, influenced by NVIDIA's weakness ahead of its earnings report and a decline in semiconductor stocks due to SMCI's 10-K delay.
August 28, 2024 | 4:39 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
NVIDIA's stock is under pressure ahead of its earnings report, contributing to the decline in major indexes.
NVIDIA's pre-earnings weakness is significant enough to affect major indexes, indicating investor caution and potential short-term price decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
SMCI's delay in filing its 10-K has led to a drop in semiconductor stocks, affecting major indexes.
The delay in SMCI's 10-K filing has created uncertainty, leading to a decline in semiconductor stocks and contributing to the broader market downturn.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70