US Stocks Sink, Dollar Jumps As Investors Fret Over Fed's Jackson Hole Event: What's Driving Markets Thursday?
Portfolio Pulse from Shanthi Rexaline
Nvidia Corp.'s strong Q2 earnings are expected to catalyze a rally in the tech sector and the broader market. The Nasdaq futures are higher in the premarket session. The market is also looking for cues from retail earnings reports, jobless claims data, and durable goods orders. Analyst Tom Lee believes the bull market is intact and sees a safer window for stocks post-Jackson Hole after Fed Chair Jerome Powell's comments. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF gained. Several companies including Nvidia, Autodesk, Splunk, Guess?, Snowflake, NetEase, Weibo Corp., Burlington Stores, Hain Celestial Group, Dollar Tree, Intuit, Ulta Beauty, Affirm Holdings, and Gap are in focus due to their earnings reports.
August 24, 2023 | 11:13 am
News sentiment analysis
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POSITIVE IMPACT
Nvidia's strong Q2 earnings are expected to boost its stock and the broader tech sector.
The strong Q2 earnings reported by Nvidia are a positive signal for the company's performance and are likely to boost its stock price. This could also have a positive impact on the broader tech sector.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
The Invesco QQQ ETF gained in premarket trading, indicating a positive sentiment in the market.
The gain in the Invesco QQQ ETF in premarket trading is a positive sign for the market and indicates a positive sentiment among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
The SPDR S&P 500 ETF Trust gained in premarket trading, indicating a positive sentiment in the market.
The gain in the SPDR S&P 500 ETF Trust in premarket trading is a positive sign for the market and indicates a positive sentiment among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80