Wall Street Poised To Wrap Up Strong First Half, Apple Hits $3 Trillion, Nasdaq Surges 38% YTD: Friday's Market Drivers
Portfolio Pulse from Shanthi Rexaline
US stocks are set to finish the first half of the year on a high note, with bullish momentum expected to continue into the second half. The S&P 500 Index and the Dow Industrials ended Thursday's session moderately higher, while the Nasdaq Composite remained flat. Small-caps outperformed for a fourth straight session. In premarket trading on Friday, the SPDR S&P 500 ETF Trust (NYSE:SPY) rose 0.39% and the Invesco QQQ ETF (NASDAQ:QQQ) gained 0.49%. Nike (NYSE:NKE) fell over 3% in premarket trading following below-consensus quarterly results, while Carnival Corp. (NYSE:CCL) climbed over 3% after an upgrade from Jefferies.
June 30, 2023 | 10:48 am
News sentiment analysis
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NEGATIVE IMPACT
Nike (NYSE:NKE) fell over 3% in premarket trading following below-consensus quarterly results.
Nike's stock fell in premarket trading due to its below-consensus quarterly results, which could lead to a short-term decrease in its price.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Carnival Corp. (NYSE:CCL) climbed over 3% after Jefferies upgraded the stock from Hold to Buy.
Carnival Corp.'s stock rose following an upgrade from Jefferies, which could lead to a short-term increase in its price.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
The Invesco QQQ ETF (NASDAQ:QQQ) gained 0.49% in premarket trading on Friday.
The rise in QQQ in premarket trading indicates positive investor sentiment and could lead to a short-term increase in its price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The SPDR S&P 500 ETF Trust (NYSE:SPY) rose 0.39% in premarket trading on Friday.
The rise in SPY in premarket trading indicates positive investor sentiment and could lead to a short-term increase in its price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80