Major indexes are lower, pulling back after rising last week. Middle East tensions and election uncertainty may be causing market volatility, which has lifted gold prices. Healthcare and chip stocks have also faced recent volatility following earnings in the both sectors.
Portfolio Pulse from Benzinga Newsdesk
Major indexes are experiencing a downturn after last week's rise, influenced by Middle East tensions and election uncertainty. This volatility has increased gold prices, while healthcare and chip stocks have also been affected post-earnings.
October 21, 2024 | 4:43 pm
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NEGATIVE IMPACT
The Dow Jones Industrial Average (DIA) is experiencing a pullback due to geopolitical tensions and election uncertainty, contributing to market volatility.
The article mentions major indexes are lower, and DIA, representing the Dow Jones, is likely affected by the same factors causing market volatility.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The Russell 2000 ETF (IWM) is likely facing downward pressure due to overall market volatility driven by geopolitical and election concerns.
IWM, representing small-cap stocks, is likely impacted by the same market-wide volatility affecting major indexes.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The Nasdaq-100 ETF (QQQ) is experiencing volatility, particularly in the tech sector, influenced by geopolitical tensions and election uncertainty.
The article highlights volatility in chip stocks, which are a significant component of QQQ, alongside broader market concerns.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
The S&P 500 ETF (SPY) is seeing a decline due to increased market volatility from geopolitical tensions and election uncertainty.
SPY, representing the S&P 500, is directly affected by the market-wide volatility mentioned in the article.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90