Stocks Surge, Tech Rallies On Strong Earnings, Inflation Softens: What's Driving Markets Friday?
Portfolio Pulse from Shanthi Rexaline
US stock futures indicate a rebound due to support from tech earnings. Intel Corp. and Roku, Inc. are among the stocks that are getting a lift from their earnings reports. The US economy may prove more resilient in the second half of 2023 than many forecasters had expected, according to Morgan Stanley's Ellen Zenter. In premarket trading on Friday, the SPDR S&P 500 ETF Trust rose 0.36% and the Invesco QQQ ETF gained 0.76%. Ford Motor Co. fell over 1.8% in premarket trading after it pushed out electric vehicle adoption goals despite the beat-and-raise quarter.
July 28, 2023 | 10:55 am
News sentiment analysis
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POSITIVE IMPACT
Intel Corp. is getting a lift from their earnings reports.
Intel's positive earnings report is likely to boost its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
In premarket trading on Friday, the Invesco QQQ ETF gained 0.76%.
The rise in the Invesco QQQ ETF in premarket trading indicates a positive outlook for the market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Roku, Inc. is among the stocks that are getting a lift from their earnings reports.
Roku's positive earnings report is likely to boost its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
In premarket trading on Friday, the SPDR S&P 500 ETF Trust rose 0.36%.
The rise in the SPDR S&P 500 ETF Trust in premarket trading indicates a positive outlook for the market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ford Motor Co. fell over 1.8% in premarket trading after it pushed out electric vehicle adoption goals despite the beat-and-raise quarter.
Ford's decision to push out electric vehicle adoption goals, despite a positive quarter, is likely to negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80