Investor Sentiment Improves After S&P 500 Closes Sharply Higher
Portfolio Pulse from Lisa Levin
US stocks closed higher on Tuesday, with the S&P 500 recording its best session since June 2. Best Buy (BBY) and AT&T (T) shares gained 3.9% after positive Q2 results and an upgrade from Citigroup respectively. Investors are awaiting earnings results from Patterson Companies (PDCO), Salesforce (CRM), and Brown-Forman Corporation (BF-B). The CNN Money Fear and Greed index showed improved investor sentiment.
August 30, 2023 | 6:54 am
News sentiment analysis
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POSITIVE IMPACT
Best Buy shares gained 3.9% after reporting better-than-expected Q2 results.
The company's better-than-expected Q2 results have positively impacted the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
AT&T shares gained 3.9% after Citigroup upgraded the stock from Neutral to Buy.
The upgrade from Citigroup has positively impacted the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Investors are awaiting earnings results from Brown-Forman Corporation.
The upcoming earnings results could impact the stock price, but the direction is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Investors are awaiting earnings results from Salesforce.
The upcoming earnings results could impact the stock price, but the direction is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Investors are awaiting earnings results from Patterson Companies.
The upcoming earnings results could impact the stock price, but the direction is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60