S&P 500, Nasdaq 100 Ease As Traders Await CPI Report: What's Driving Markets Monday
Portfolio Pulse from Shanthi Rexaline
Stocks are expected to start negatively due to inflation worries and the upcoming second-quarter reporting season. Big bank earnings and other notable names such as PepsiCo are due this week. Bond yields are rising due to the uncertain economic environment. The Chinese economy is showing signs of recovery. The SPDR S&P 500 ETF Trust and the Invesco QQQ ETF fell in premarket trading. Tesla's stock rose after Jefferies raised the price target. Tech stocks, led by Apple and Amazon, were mostly lower.
July 10, 2023 | 11:05 am
News sentiment analysis
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NEGATIVE IMPACT
Apple's stock was lower, potentially due to the overall negative market sentiment.
The overall negative market sentiment could be impacting Apple's stock negatively.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Amazon's stock was lower, potentially due to the overall negative market sentiment.
The overall negative market sentiment could be impacting Amazon's stock negatively.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The Invesco QQQ ETF fell in premarket trading.
The fall in premarket trading could indicate a negative trend for the Invesco QQQ ETF.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
The SPDR S&P 500 ETF Trust fell in premarket trading.
The fall in premarket trading could indicate a negative trend for the SPDR S&P 500 ETF Trust.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
PepsiCo's earnings report is due this week, which could impact its stock price.
Earnings reports often cause volatility in a company's stock price. Depending on the results, PepsiCo's stock could go up or down.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Tesla's stock rose after Jefferies raised the price target.
The increase in Tesla's price target by Jefferies could lead to a positive trend for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90