Investor Sentiment Declines After Moody's Downgrades Credit Ratings Of Banks
Portfolio Pulse from Lisa Levin
Investor sentiment in the US has declined following Moody's downgrade of several US banks' credit ratings. This led to a fall in US stocks, with the SPDR S&P Bank ETF (KBE) dropping around 1.3% and shares of The Goldman Sachs Group, Inc. (GS) falling over 2%. United Parcel Service Inc (UPS) reported mixed Q2 results and issued FY23 revenue guidance below estimates. Investors are awaiting earnings results from Charles River Laboratories International, Inc. (CRL), The Walt Disney Company (DIS), and Wynn Resorts, Limited (WYNN).
August 09, 2023 | 6:10 am
News sentiment analysis
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NEUTRAL IMPACT
Investors are awaiting earnings results from Charles River Laboratories International, Inc. (CRL).
Investors are awaiting earnings results from Charles River Laboratories International, Inc. (CRL), which could lead to volatility in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Investors are awaiting earnings results from The Walt Disney Company (DIS).
Investors are awaiting earnings results from The Walt Disney Company (DIS), which could lead to volatility in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
United Parcel Service Inc (UPS) reported mixed Q2 results and issued FY23 revenue guidance below estimates.
United Parcel Service Inc (UPS) reported mixed Q2 results and issued FY23 revenue guidance below estimates, which could lead to uncertainty among investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Investors are awaiting earnings results from Wynn Resorts, Limited (WYNN).
Investors are awaiting earnings results from Wynn Resorts, Limited (WYNN), which could lead to volatility in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Shares of The Goldman Sachs Group, Inc. (GS) fell over 2% following Moody's downgrade of several US banks' credit ratings.
The downgrade of credit ratings of several US banks by Moody's has negatively impacted The Goldman Sachs Group, Inc. (GS), causing its shares to fall over 2%.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The SPDR S&P Bank ETF (KBE) fell around 1.3% following Moody's downgrade of several US banks' credit ratings.
The downgrade of credit ratings of several US banks by Moody's has negatively impacted the SPDR S&P Bank ETF (KBE), causing it to fall around 1.3%.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100