Fear & Greed Index Moves To 'Neutral' Zone After Fed Minutes
Portfolio Pulse from Lisa Levin
The CNN Money Fear and Greed index moved to the 'Neutral' zone after the Federal Reserve's July meeting minutes indicated a possibility of rising interest rates due to inflation risks. U.S. stocks settled lower, with the Nasdaq falling more than 1%. Shares of Target (TGT) and The Progressive Corporation (PGR) gained after reporting better-than-expected earnings. Investors are awaiting earnings results from Walmart (WMT), Tapestry (TPR), Applied Materials (AMAT), and Ross Stores (ROST).
August 17, 2023 | 6:48 am
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NEUTRAL IMPACT
Investors are awaiting earnings results from Applied Materials.
The upcoming earnings report from Applied Materials is expected to influence its stock price, but the direction of the impact is uncertain until the results are released.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Investors are awaiting earnings results from Ross Stores.
The upcoming earnings report from Ross Stores is expected to influence its stock price, but the direction of the impact is uncertain until the results are released.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Investors are awaiting earnings results from Tapestry.
The upcoming earnings report from Tapestry is expected to influence its stock price, but the direction of the impact is uncertain until the results are released.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Investors are awaiting earnings results from Walmart.
The upcoming earnings report from Walmart is expected to influence its stock price, but the direction of the impact is uncertain until the results are released.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The Progressive Corporation shares gained 8.9% after reporting July results.
The Progressive Corporation's positive July results have led to a significant increase in its share price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Target shares gained around 3% after reporting better-than-expected Q2 earnings.
Target's better-than-expected earnings report has led to a positive reaction in the stock market, driving its share price up.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80