The Fed's Influence Ripples Through US Stocks, ETFs: Wednesday's Winners And Losers Revealed
Portfolio Pulse from Piero Cingari
The Federal Reserve has increased interest rates by 0.25 percentage points, leading to a mixed reaction in the stock market. Some stocks, including Meta Data Ltd., Snap, Inc., Alexandria Real Estate Equities, Inc., Bruker Corp., and Paramount Corp., saw gains, while others, such as Sirius XM Holdings Inc., Teledyne Technologies Inc., Cigna Group, Advanced Micro Devices, Inc., and Bank Bradesco SA, experienced losses. Major ETFs, including the SPDR Dow Jones Industrial Average ETF, the iShares Russell 2000 ETF, the SPDR Gold Trust, and the Invesco DB USD Index Bullish Fund ETF, also reacted to the news.
July 26, 2023 | 8:32 pm
News sentiment analysis
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POSITIVE IMPACT
Meta Data Ltd. saw a 1.5% increase in stock price following the Fed's rate hike.
The increase in interest rates by the Federal Reserve has led to a positive reaction in the stock price of Meta Data Ltd., indicating investor confidence in the company's ability to navigate the new economic environment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Alexandria Real Estate Equities, Inc. saw a 0.99% increase in stock price following the Fed's rate hike.
The increase in interest rates by the Federal Reserve has led to a positive reaction in the stock price of Alexandria Real Estate Equities, Inc., indicating investor confidence in the company's ability to navigate the new economic environment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Bruker Corp. saw a 0.98% increase in stock price following the Fed's rate hike.
The increase in interest rates by the Federal Reserve has led to a positive reaction in the stock price of Bruker Corp., indicating investor confidence in the company's ability to navigate the new economic environment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
The SPDR Dow Jones Industrial Average ETF was up 0.3% in the two hours post-FOMC statement.
The increase in interest rates by the Federal Reserve has led to a positive reaction in the SPDR Dow Jones Industrial Average ETF, indicating investor confidence in the ETF's ability to navigate the new economic environment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
The SPDR Gold Trust, the largest exchange-traded fund tracking gold prices, also rose nearly 0.3% following the Fed statement.
The increase in interest rates by the Federal Reserve has led to a positive reaction in the SPDR Gold Trust, indicating investor confidence in the ETF's ability to navigate the new economic environment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
The iShares Russell 2000 ETF rose 0.6% after the Fed announcement.
The increase in interest rates by the Federal Reserve has led to a positive reaction in the iShares Russell 2000 ETF, indicating investor confidence in the ETF's ability to navigate the new economic environment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Paramount Corp. saw a 0.8% increase in stock price following the Fed's rate hike.
The increase in interest rates by the Federal Reserve has led to a positive reaction in the stock price of Paramount Corp., indicating investor confidence in the company's ability to navigate the new economic environment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Snap, Inc. saw a 1.3% increase in stock price following the Fed's rate hike.
The increase in interest rates by the Federal Reserve has led to a positive reaction in the stock price of Snap, Inc., indicating investor confidence in the company's ability to navigate the new economic environment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Advanced Micro Devices, Inc. saw a 1.5% decrease in stock price following the Fed's rate hike.
The increase in interest rates by the Federal Reserve has led to a negative reaction in the stock price of Advanced Micro Devices, Inc., indicating investor concerns about the company's ability to navigate the new economic environment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Bank Bradesco SA saw a 1.3% decrease in stock price following the Fed's rate hike.
The increase in interest rates by the Federal Reserve has led to a negative reaction in the stock price of Bank Bradesco SA, indicating investor concerns about the company's ability to navigate the new economic environment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Cigna Group saw a 1.6% decrease in stock price following the Fed's rate hike.
The increase in interest rates by the Federal Reserve has led to a negative reaction in the stock price of Cigna Group, indicating investor concerns about the company's ability to navigate the new economic environment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Sirius XM Holdings Inc. saw a 2.5% decrease in stock price following the Fed's rate hike.
The increase in interest rates by the Federal Reserve has led to a negative reaction in the stock price of Sirius XM Holdings Inc., indicating investor concerns about the company's ability to navigate the new economic environment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Teledyne Technologies Inc. saw a 1.6% decrease in stock price following the Fed's rate hike.
The increase in interest rates by the Federal Reserve has led to a negative reaction in the stock price of Teledyne Technologies Inc., indicating investor concerns about the company's ability to navigate the new economic environment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
The U.S. dollar negatively reacted to the Fed’s July meeting. The Invesco DB USD Index Bullish Fund ETF tumbled 0.3%.
The increase in interest rates by the Federal Reserve has led to a negative reaction in the Invesco DB USD Index Bullish Fund ETF, indicating investor concerns about the ETF's ability to navigate the new economic environment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100