Dow Jones Hits Milestone: 10th Straight Day In Green, Longest Winning Streak Since 2017
Portfolio Pulse from Piero Cingari
The Dow Jones Industrial Average (DJIA) marked its tenth consecutive positive session, the longest winning streak since February 2017. The SPDR Dow Jones Industrial Average ETF (DIA) closed 0.09% lower, ending its winning streak. Top performers in the Dow Jones were Merck & Company (MRK), Procter & Gamble (PG), and Chevron Corp. (CVX). Laggards included Microsoft Corp. (MSFT), American Express Company (AXP), and Caterpillar Inc. (CAT). Traders are awaiting the Federal Open Market Committee Meeting, with a 0.25% rate hike already factored in.
July 21, 2023 | 8:29 pm
News sentiment analysis
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POSITIVE IMPACT
Chevron Corp. (CVX) exhibited strong performance with a 1.4% increase.
The company's stock price increased, which could lead to positive sentiment among investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Merck & Company (MRK) was the top performer in the Dow Jones, rising by 1.8%.
Being the top performer in the Dow Jones could boost investor confidence in the company.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Procter & Gamble (PG) gained 1.6%, following closely behind Merck & Company.
The company's stock price increased, which could lead to positive sentiment among investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
American Express Company (AXP) faced a significant drop of 3.7% due to disappointing second-quarter results.
The company's disappointing Q2 results led to a significant drop in its stock price, which could negatively impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Caterpillar Inc. (CAT) was down 1.3%.
The company's stock price decreased, which could lead to negative sentiment among investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
The SPDR Dow Jones Industrial Average ETF (DIA) closed 0.09% lower, ending its winning streak.
The ETF ended its winning streak, which could lead to a negative sentiment among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Microsoft Corp. (MSFT) lost 0.9% for the overall session.
The company's stock price decreased, which could lead to negative sentiment among investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100