US Stocks Turn Lower; Dow Dips Over 100 Points
Portfolio Pulse from Lisa Levin
US stocks turned lower midway through trading on Friday, with the Dow Jones dropping over 100 points. Energy shares rose by 1.3%, while consumer discretionary shares fell 0.5%. Foot Locker reported worse-than-expected Q1 results and lowered its FY23 guidance, causing its shares to drop 26%. Stereotaxis announced a global collaboration with Abbott, boosting its shares by 27%.
May 19, 2023 | 4:04 pm
News sentiment analysis
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NEGATIVE IMPACT
Cavco Industries reported worse-than-expected Q4 sales results, causing its shares to drop 10%.
Cavco Industries' worse-than-expected Q4 sales results directly impacted its stock price, causing a 10% drop. This negative news is highly relevant and important for investors in the company.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Foot Locker reported worse-than-expected Q1 results and lowered its FY23 guidance, causing its shares to drop 26%.
Foot Locker's worse-than-expected Q1 results and lowered FY23 guidance directly impacted its stock price, causing a significant drop of 26%. This negative news is highly relevant and important for investors in the company.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
D-Wave Quantum shares fell 16% following weak quarterly results.
D-Wave Quantum's weak quarterly results directly impacted its stock price, causing a 16% drop. This negative news is highly relevant and important for investors in the company.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
CI&T Inc reported Q1 financial results, causing its shares to shoot up 14%.
CI&T Inc's Q1 financial results announcement led to a 14% increase in its stock price. This positive news is highly relevant and important for investors in the company.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Farfetch Limited reported better-than-expected Q1 results, causing its shares to gain 20%.
Farfetch Limited's better-than-expected Q1 results directly impacted its stock price, causing a 20% increase. This positive news is highly relevant and important for investors in the company.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
HighPeak Energy shares rose by 6% on Friday.
HighPeak Energy's stock price increased by 6% on Friday, making this news highly relevant and important for investors in the company.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Dorian LPG shares rose by 6% on Friday.
Dorian LPG's stock price increased by 6% on Friday, making this news highly relevant and important for investors in the company.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Stereotaxis announced a global collaboration with Abbott, boosting its shares by 27%.
Stereotaxis' announcement of a global collaboration with Abbott has a direct positive impact on its stock price, with shares rising by 27%. This news is highly relevant and important for investors in the company.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100