Stocks Mitigate Losses Ahead Of Apple, Amazon Earnings; Treasury Yields Rocket On Debt Frenzy: Thursday's Market Drivers
Portfolio Pulse from Shanthi Rexaline
US stock futures are pulling back due to Fitch's U.S. ratings downgrade and negative earnings news flow. Tech stocks like Apple and Amazon are under pressure as they are due to report their quarterly results. Analysts predict a 5% pullback in the stock market. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF declined. Stocks reacting to earnings include PayPal, Occidental Petroleum, Cheesecake Factory, DoorDash, Qualcomm, Qorvo, Etsy, and EVgo.
August 04, 2023 | 12:52 pm
News sentiment analysis
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NEGATIVE IMPACT
Apple is under pressure as it is due to report its quarterly results. The stock may be impacted by the overall market pullback.
Apple's stock is likely to be impacted by the overall market pullback and its upcoming earnings report.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Amazon is under pressure as it is due to report its quarterly results. The stock may be impacted by the overall market pullback.
Amazon's stock is likely to be impacted by the overall market pullback and its upcoming earnings report.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The Invesco QQQ ETF declined in premarket trading due to the overall market pullback.
The Invesco QQQ ETF is likely to be impacted by the overall market pullback.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The SPDR S&P 500 ETF Trust declined in premarket trading due to the overall market pullback.
The SPDR S&P 500 ETF Trust is likely to be impacted by the overall market pullback.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80