Major indexes are lower amid weakness in chip stocks and health insurers. Chip stocks fell following weak guidance from ASML while health insurance stocks fell in sympathy with UNH following its earnings report.
Portfolio Pulse from Benzinga Newsdesk
Major indexes are down due to declines in chip stocks and health insurers. Chip stocks fell after weak guidance from ASML, and health insurance stocks dropped following UNH's earnings report.
October 15, 2024 | 2:56 pm
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NEGATIVE IMPACT
ASML's weak guidance has led to a decline in chip stocks, impacting the broader market.
ASML's guidance is a key indicator for the chip sector. Weak guidance suggests potential challenges, leading to a negative impact on chip stocks and contributing to the decline in major indexes.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
UNH's earnings report has negatively impacted health insurance stocks, contributing to the decline in major indexes.
UNH's earnings report likely contained information that led to a negative market reaction, affecting health insurance stocks and contributing to the overall market decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80