Investor Sentiment Declines After Nasdaq Falls 2%
Portfolio Pulse from Lisa Levin
Investor sentiment in the US declined as the Nasdaq fell by 2.05% due to a drop in Netflix and Tesla shares. The Dow Jones, however, recorded gains for a ninth straight session, boosted by strong earnings from Johnson & Johnson and The Travelers Companies. Investors are now awaiting earnings results from American Express, Schlumberger, and AutoNation. The CNN Money Fear and Greed index, a measure of market sentiment, remained in the 'Extreme Greed' zone.
July 21, 2023 | 7:20 am
News sentiment analysis
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POSITIVE IMPACT
Johnson & Johnson shares gained following strong earnings.
Johnson & Johnson's strong earnings led to a rise in its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The Travelers Companies shares gained following better-than-expected quarterly sales.
The Travelers Companies' better than expected quarterly sales led to a rise in its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Investors are awaiting earnings results from AutoNation.
The upcoming earnings results from AutoNation are expected to influence its share price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Investors are awaiting earnings results from American Express.
The upcoming earnings results from American Express are expected to influence its share price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Investors are awaiting earnings results from Schlumberger.
The upcoming earnings results from Schlumberger are expected to influence its share price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Netflix shares dropped 8.4% following downbeat quarterly revenue.
Netflix's lower than expected quarterly revenue led to a significant drop in its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Tesla shares tumbled 9.7% following quarterly results.
Tesla's quarterly results led to a significant drop in its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100