US Stocks Ease As Oil Price Spikes To 10-Month High, Dollar Gains: What's Driving Markets Tuesday?
Portfolio Pulse from Shanthi Rexaline
Stocks are expected to start weaker after the Labor Day break due to bargain hunting and anticipation of Federal Reserve speeches. Concerns persist from underwhelming service sector data in China and Europe. August’s auto sales figures might also influence trading. Analyst Tom Lee warns of potential issues such as the UAW strike that could affect General Motors Corp. and Ford Motor Co., and the surge in the federal deficit. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF both slipped. Fidelity National Financial, Inc. rose over 7% in premarket trading after Citi increased its stake in the company.
September 05, 2023 | 11:00 am
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POSITIVE IMPACT
Fidelity National Financial, Inc. rose over 7% in premarket trading after Citi increased its stake in the company.
Fidelity National Financial, Inc. rose in premarket trading after Citi increased its stake in the company, indicating a potential positive impact on its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The potential UAW strike could cripple operations at Ford Motor Co.
The potential UAW strike could disrupt operations at Ford Motor Co., which could negatively impact the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The potential UAW strike could cripple operations at General Motors Corp.
The potential UAW strike could disrupt operations at General Motors Corp., which could negatively impact the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The Invesco QQQ ETF slipped 0.23% in premarket trading.
The Invesco QQQ ETF slipped in premarket trading, indicating a potential negative impact on its price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 90
NEGATIVE IMPACT
The SPDR S&P 500 ETF Trust slipped 0.14% in premarket trading.
The SPDR S&P 500 ETF Trust slipped in premarket trading, indicating a potential negative impact on its price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 90