Major indexes are lower as multiple large and mega-cap stocks fall after quarterly earnings. Investors may also be assessing the upcoming US presidential election and macro uncertainty.
Portfolio Pulse from Benzinga Newsdesk
Major indexes are experiencing a downturn as large and mega-cap stocks decline following quarterly earnings reports. Investors are also considering the impact of the upcoming US presidential election and macroeconomic uncertainties.
October 31, 2024 | 5:42 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The iShares Russell 2000 ETF (IWM) may see a neutral impact as it is less directly affected by large-cap stock movements.
IWM tracks the Russell 2000 Index, which consists of small-cap stocks. While large-cap declines may have some indirect effects, IWM is less directly impacted.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
The Dow Jones Industrial Average ETF (DIA) is likely to be impacted by the decline in large-cap stocks following earnings reports.
DIA, which tracks the Dow Jones Industrial Average, is affected by the performance of large-cap stocks. The decline in these stocks post-earnings is likely to negatively impact DIA.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The Invesco QQQ Trust (QQQ) is likely to be negatively impacted by the fall in mega-cap tech stocks post-earnings.
QQQ, which tracks the Nasdaq-100 Index, is heavily weighted towards mega-cap tech stocks. The decline in these stocks post-earnings is likely to negatively impact QQQ.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
The SPDR S&P 500 ETF Trust (SPY) is likely to be negatively impacted by the decline in large and mega-cap stocks post-earnings.
SPY tracks the S&P 500 Index, which includes large and mega-cap stocks. The decline in these stocks post-earnings is likely to negatively impact SPY.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90