Fear & Greed Index Remains In 'Extreme Greed' Zone After Dow Falls 100 Points
Portfolio Pulse from Lisa Levin
The CNN Money Fear and Greed index remains in the 'Extreme Greed' zone as US stocks closed lower for the third straight session. Amazon shares fell 0.8% after the FTC filed a lawsuit against the company, and FedEx shares dropped 2.5% after reporting Q4 revenue miss and a disappointing FY24 outlook.
June 22, 2023 | 6:53 am
News sentiment analysis
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NEGATIVE IMPACT
Amazon shares fell 0.8% after the FTC filed a lawsuit against the company over its Prime sign up and cancellation process.
The FTC lawsuit against Amazon could lead to negative sentiment among investors, causing the stock price to decline in the short term. The lawsuit may also result in potential fines or changes to Amazon's Prime sign up and cancellation process, which could impact the company's revenue.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
FedEx shares dropped 2.5% after the company reported fourth-quarter revenue miss and issued a disappointing FY24 outlook.
FedEx's Q4 revenue miss and disappointing FY24 outlook may cause investors to lose confidence in the company's growth prospects, leading to a decline in the stock price. The weak outlook could also indicate potential challenges in the company's operations or market conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100