US Stocks Eye 5th Straight Green Session, Semiconductors Jump To Fresh All-Time Highs: The Markets Friday
Portfolio Pulse from Shanthi Rexaline
US stock futures are mixed as traders assess the impact of big bank earnings. Positive reports from JPMorgan Chase & Co and Blackrock, Inc. could fuel hopes for a strong reporting season. The June producer price inflation number and downward revisions to the previous two months' data served as confirmatory data for the slowdown in inflation. The major averages opened higher and stayed in the green throughout the session before closing notably higher. The Nasdaq Composite and the S&P 500 Index closed at fresh 15-month highs, while the Russell 2000 Index settled at its highest since early February.
July 14, 2023 | 11:18 am
News sentiment analysis
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POSITIVE IMPACT
Positive earnings report from Blackrock, Inc. could fuel hopes for a strong reporting season.
Positive earnings reports generally lead to an increase in stock price as it indicates good financial health of the company.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Positive earnings report from JPMorgan Chase & Co could fuel hopes for a strong reporting season.
Positive earnings reports generally lead to an increase in stock price as it indicates good financial health of the company.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The SPDR S&P 500 ETF Trust was up 0.10% in premarket trading on Friday.
The increase in premarket trading indicates positive investor sentiment towards the ETF, which could lead to an increase in its price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The Invesco QQQ ETF edged down 0.01% in premarket trading on Friday.
The decrease in premarket trading indicates negative investor sentiment towards the ETF, which could lead to a decrease in its price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70