Live Nasdaq Composite: PDD Falls While APP Rebounds as Inflation Rears Its Head
Portfolio Pulse from
February's core inflation rate came in at 2.8%, higher than economists' predictions, causing market-wide declines. The Nasdaq Composite is down 1.82% with Magnificent Seven stocks contributing to the losses. Key market movers include PDD Holdings falling 4% and AppLovin rebounding 4% after previous day's sell-off.
March 28, 2025 | 2:45 pm
News sentiment analysis
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NEGATIVE IMPACT
Amazon is down 1.8%, contributing to the Nasdaq Composite's decline as Magnificent Seven stocks collectively weigh on the index.
Broader market inflation concerns and tech sector pressure negatively impact Amazon stock
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
PDD Holdings fell 4% amid profit-taking after a 24% year-to-date gain and a Wall Street downgrade from 'buy' to 'neutral'.
Analyst downgrade and profit-taking suggest short-term negative sentiment for PDD stock
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
AppLovin rises 4% after hiring lawyers to investigate short seller accusations and receiving support from Loop Capital, which advised aggressive stock addition.
Proactive legal response and analyst support suggest potential positive momentum for AppLovin
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 85