Stocks Extend Gains, Dow Tops 35,000, Dollar Rebounds: What's Driving Markets Wednesday?
Portfolio Pulse from Shanthi Rexaline
The stock market is expected to start cautiously on Wednesday, with earnings likely to be the main driver. Stocks such as Nvidia Corp. (NYSE:NVDA), Microsoft Corp. (NASDAQ:MSFT), Morgan Stanley (NYSE:MS), and Bank of America Corp. (NYSE:BAC) have been gaining momentum. The Dow Industrials is on a seven-session winning streak, and the Nasdaq Composite and the S&P 500 indices have risen to over 15-month highs. Analysts suggest that earnings need to perform well to sustain the rally. In premarket trading, the SPDR S&P 500 ETF Trust (NYSE:SPY) rose 0.08% and the Invesco QQQ ETF (NASDAQ:QQQ) gained 0.24%. Companies such as Baker Hughes Co. (NASDAQ:BKR), Carvana Co. (NASDAQ:CVNA), Goldman Sachs Group, Inc. (NYSE:GS), Halliburton Co. (NYSE:HAL), Nasdaq, Inc. (NASDAQ:NDAQ), Northern Trust Corp. (NASDAQ:NTRS), U.S. Bancorp. (NYSE:USB), Netflix, Inc. (NASDAQ:NFLX), and Tesla, Inc. (NASDAQ:TSLA) are set to report their earnings.
July 19, 2023 | 10:23 am
News sentiment analysis
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POSITIVE IMPACT
Bank of America Corp. has been gaining momentum in the market.
The company's stock has been performing well, which could potentially lead to a rise in its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Morgan Stanley has been gaining momentum in the market.
The company's stock has been performing well, which could potentially lead to a rise in its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Microsoft Corp. has been gaining momentum in the market.
The company's stock has been performing well, which could potentially lead to a rise in its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Nvidia Corp. has been gaining momentum in the market.
The company's stock has been performing well, which could potentially lead to a rise in its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The Invesco QQQ ETF gained 0.24% in premarket trading.
The ETF's price rose in premarket trading, indicating a potential rise in its price during the trading session.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
The SPDR S&P 500 ETF Trust rose 0.08% in premarket trading.
The ETF's price rose in premarket trading, indicating a potential rise in its price during the trading session.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Baker Hughes Co. is set to report its earnings.
The company's earnings report could potentially impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Carvana Co. is set to report its earnings.
The company's earnings report could potentially impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Goldman Sachs Group, Inc. is set to report its earnings.
The company's earnings report could potentially impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Halliburton Co. is set to report its earnings.
The company's earnings report could potentially impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Nasdaq, Inc. is set to report its earnings.
The company's earnings report could potentially impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Netflix, Inc. is set to report its earnings.
The company's earnings report could potentially impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Northern Trust Corp. is set to report its earnings.
The company's earnings report could potentially impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Tesla, Inc. is set to report its earnings.
The company's earnings report could potentially impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
U.S. Bancorp. is set to report its earnings.
The company's earnings report could potentially impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90