Nasdaq Crashes As Netflix And Tesla Sink, Dow Roars And Dollar Rallies: What's Driving Markets Thursday?
Portfolio Pulse from Shanthi Rexaline
The market mood is mixed with blue chips and small-caps maintaining upward momentum, but negative reactions to earnings could test the tech sector's resilience. The Nasdaq Composite Index closed marginally higher, while the Dow Industrials marked its eighth straight session of gains. Analysts predict the rally will continue until problems appear in earnings reports. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF gained. Tesla and Netflix shares fell following their quarterly results release. Discover Financial Services shares plunged after the company paused buybacks and disclosed regulatory scrutiny.
July 20, 2023 | 11:11 am
News sentiment analysis
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NEGATIVE IMPACT
Discover Financial Services shares plunged over 12% after the company paused buybacks and disclosed regulatory scrutiny.
The plunge in Discover Financial Services' share price is directly linked to the company's announcement of pausing buybacks and disclosing regulatory scrutiny, indicating a negative market reaction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Netflix shares fell over 6% in premarket trading following the release of their quarterly results.
The drop in Netflix's share price is directly linked to the release of their quarterly results, indicating a negative market reaction to the earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Tesla shares fell over 3% in premarket trading following the release of their quarterly results.
The drop in Tesla's share price is directly linked to the release of their quarterly results, indicating a negative market reaction to the earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
In premarket trading, the Invesco QQQ ETF gained 0.65%.
The gain in the Invesco QQQ ETF is a positive market reaction in premarket trading.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
In premarket trading, the SPDR S&P 500 ETF Trust rose 0.19%.
The rise in the SPDR S&P 500 ETF Trust is a positive market reaction in premarket trading.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100