Shares of companies in the broader industrial 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
Industrial sector shares are trading lower due to market weakness, influenced by August's ISM Manufacturing PMI data indicating economic contraction.
September 03, 2024 | 7:43 pm
News sentiment analysis
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NEGATIVE IMPACT
AER shares are likely affected by the overall market weakness and economic contraction indicated by the ISM Manufacturing PMI data.
AER, being part of the industrial sector, is likely impacted by the broader market trend and economic indicators showing contraction.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
CAT shares are trading lower due to the negative sentiment from the ISM Manufacturing PMI data indicating economic contraction.
CAT, a major player in the industrial sector, is directly affected by economic indicators like the ISM Manufacturing PMI.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
GE shares are likely impacted by the overall market weakness and contraction signals from the ISM Manufacturing PMI data.
GE, as part of the industrial sector, is influenced by broader market trends and economic data indicating contraction.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
MMM shares are trading lower due to the negative impact of the ISM Manufacturing PMI data indicating economic contraction.
MMM, being a significant industrial sector company, is affected by economic indicators like the ISM Manufacturing PMI.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 65