Asia And Europe Markets In Red; Oil Recovers Slightly, Gold Nears $2,700 - Global Markets Today While US Slept
Portfolio Pulse from Akanksha Bakshi
U.S. markets closed lower with the Nasdaq dropping 1% due to falling chip stocks like Nvidia and ASML. The energy sector also declined as oil prices slid. Financials outperformed while healthcare disappointed. The NY Empire State Manufacturing Index dropped significantly. Most S&P 500 sectors closed lower, with technology, energy, and healthcare leading losses.
October 16, 2024 | 10:45 am
News sentiment analysis
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NEGATIVE IMPACT
ASML's stock declined due to demand concerns impacting the chip sector.
ASML is part of the chip sector, which is experiencing a decline due to demand concerns. This is expected to negatively affect its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Nvidia's stock fell as part of a broader decline in chip stocks due to demand concerns.
Nvidia is directly affected by the decline in chip stocks, which is driven by demand concerns. This is likely to negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80