Shares of companies within the broader financial sector are trading lower amid overall market weakness. Weakness may be due to August's ISM Manufacturing PMI data indicating an economic contraction.
Portfolio Pulse from Benzinga Newsdesk
Shares in the financial sector are declining due to weak market conditions, influenced by August's ISM Manufacturing PMI data showing economic contraction.
September 03, 2024 | 6:42 pm
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NEGATIVE IMPACT
Apollo Global Management shares are affected by the overall market weakness and economic contraction signals.
As a financial company, Apollo Global Management is likely to be impacted by broader market trends and economic indicators such as the ISM Manufacturing PMI.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Goldman Sachs shares are trading lower due to market weakness and economic contraction concerns.
Goldman Sachs, being a major player in the financial sector, is sensitive to economic indicators and market conditions.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Morgan Stanley shares are declining as market weakness and economic contraction signals affect the financial sector.
Morgan Stanley, as a key financial institution, is impacted by economic indicators and overall market trends.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
SoFi Technologies shares are impacted by the broader market weakness and economic contraction signals.
As a financial technology company, SoFi is affected by market conditions and economic indicators.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
UBS shares are trading lower due to market weakness and economic contraction concerns.
UBS, being a major financial institution, is sensitive to economic indicators and market conditions.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50