Stocks, Bonds Rebound, Dollar Dips As Investors Welcome Jobs Data: What's Driving Markets Friday?
Portfolio Pulse from Shanthi Rexaline
Positive earnings news from Amazon and other mid-cap tech stocks could help the market recover from recent declines, despite Apple's lackluster earnings. The market's rebound largely depends on the non-farm payrolls report for July. Lingering worries over Fitch’s downgrade of the U.S. credit rating, key earnings reports, and a spike in bond yields have kept sentiment subdued. Amazon's stock climbed nearly 9% in premarket trading, while Apple's fell over 1.50%. Other notable movers include Atlassian Corporation, DraftKings, Booking Holdings, Cloudflare, and Fortinet.
August 04, 2023 | 3:07 pm
News sentiment analysis
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NEGATIVE IMPACT
Apple's lackluster earnings could contribute to market weakness. Its stock fell over 1.50% in premarket trading.
Apple's disappointing earnings results and the subsequent drop in its stock price could have a negative impact on the overall market.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Amazon's strong quarterly results could help offset market weakness. Its stock climbed nearly 9% in premarket trading.
Amazon's strong earnings results and the subsequent rise in its stock price could have a positive impact on the overall market.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
The Invesco QQQ ETF jumped 0.56% in premarket trading.
The rise in the Invesco QQQ ETF in premarket trading could indicate a positive sentiment in the market.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
The SPDR S&P 500 ETF Trust rose 0.38% in premarket trading.
The rise in the SPDR S&P 500 ETF Trust in premarket trading could indicate a positive sentiment in the market.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100