Nvidia, AMD, ASML And Other Chipmakers Drag Nasdaq Down: Fear Index Moves To 'Greed' Zone
Portfolio Pulse from Avi Kapoor
U.S. stocks fell on Tuesday, with the Nasdaq down 1% amid a decline in chipmaker stocks. ASML shares dropped over 16% due to an early earnings release, while NVIDIA and AMD also saw declines. UnitedHealth shares fell over 8% after lowering its EPS outlook. The Fear & Greed Index moved to the 'Greed' zone.
October 16, 2024 | 7:13 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
AMD shares dipped 5.2% during the session, reflecting a broader decline in chipmaker stocks.
AMD's stock decline is consistent with the overall negative sentiment towards chipmakers, impacting its short-term price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
ASML shares fell over 16% after a technical error led to an early release of its Q3 earnings.
The premature release of ASML's earnings likely caused investor uncertainty, leading to a significant drop in share price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
NVIDIA shares fell 4.7% amid a broader decline in chipmaker stocks.
NVIDIA's stock decline is part of a broader trend affecting chipmakers, likely due to market sentiment and sector performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
UnitedHealth shares fell over 8% after reporting Q3 results and lowering its annual EPS outlook.
The reduction in EPS outlook likely led to a negative investor reaction, causing a significant drop in UnitedHealth's stock price.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Bank of America reported better-than-expected Q3 earnings.
Positive earnings results could boost investor confidence, potentially leading to a short-term increase in Bank of America's stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 70