US Stocks Set For Steep Fall Amid Heightened Anxiety Ahead Jobs Data, VIX Surges: Strategist Flags 2 Reasons Why He Expects More Volatility Ahead
Portfolio Pulse from Shanthi Rexaline
US stocks are set for a decline amid anxiety over upcoming jobs data, with the VIX index surging. Broadcom's soft guidance is impacting its stock and peers. The SPDR S&P 500 ETF and Invesco QQQ ETF are also down in premarket trading.
September 06, 2024 | 10:04 am
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NEGATIVE IMPACT
Broadcom's stock is under pressure due to soft fourth-quarter revenue guidance, leading to an 8% drop in premarket trading.
Broadcom's soft guidance has led to a significant premarket drop, indicating negative sentiment and potential short-term price decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Invesco QQQ ETF is down 1.05% in premarket trading, reflecting broader tech sector concerns and Broadcom's impact.
QQQ is impacted by tech sector volatility and Broadcom's guidance, resulting in a premarket drop.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
The SPDR S&P 500 ETF is down 0.61% in premarket trading amid market anxiety over jobs data and Broadcom's guidance.
SPY is affected by overall market sentiment and Broadcom's guidance, leading to a premarket decline.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70