Asia Markets Mixed, Europe Advances; Crude Oil Steady While Gold Holds Above $2,600 - Global Markets Today While US Slept
Portfolio Pulse from Akanksha Bakshi
U.S. markets closed mixed with the S&P 500 slightly up and the Nasdaq down due to tech stock declines. Apple fell on weak iPhone 16 demand, affecting chipmakers like Nvidia, Broadcom, and Micron. The NY Empire State Manufacturing Index rose significantly. Most S&P 500 sectors gained, except for IT and consumer discretionary. Asian markets were mixed, with Japan's Nikkei down and Hong Kong's Hang Seng up. European markets advanced, and crude oil prices steadied amid U.S. production concerns. Gold held above $2,600.
September 17, 2024 | 10:47 am
News sentiment analysis
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NEGATIVE IMPACT
Apple's stock dropped due to lower-than-expected demand for the iPhone 16, negatively impacting related tech stocks.
Apple's lower-than-expected iPhone 16 demand directly impacted its stock price and related tech stocks, indicating a negative short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Broadcom's stock was negatively affected by Apple's weak iPhone 16 demand, impacting the semiconductor index.
Broadcom, as a supplier to Apple, was impacted by the lower demand for iPhone 16, affecting its stock negatively.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Micron's stock was impacted by Apple's decline due to weak iPhone 16 demand, affecting the semiconductor sector.
Micron, as a chipmaker, was affected by Apple's decline, which is likely to pressure its stock in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Nvidia's stock was impacted by Apple's decline due to weak iPhone 16 demand, affecting the semiconductor sector.
Nvidia, as a chipmaker, was affected by Apple's decline, which is likely to pressure its stock in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70