Stocks Recover, Yet Weekly Losses Loom, Dollar Notches 8 Weeks of Gains: What's Driving Markets Friday?
Portfolio Pulse from Shanthi Rexaline
Stock futures indicate another down session on Friday, with China's domestic growth concerns and potential for a U.S.-China trade war dampening traders’ risk appetite. Despite this, analysts remain optimistic about the long term. Rumors of China expanding its iPhone ban led to a sell-off in Apple and other tech firms. In premarket trading, the SPDR S&P 500 ETF Trust slipped 0.14% and the Invesco QQQ ETF declined 0.13%. Stocks in focus include DocuSign, which rose over 3% following the release of its quarterly results, and Kroger Co., which is scheduled to release its quarterly results.
September 08, 2023 | 11:16 am
News sentiment analysis
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NEGATIVE IMPACT
Rumors of China expanding its iPhone ban led to a sell-off in Apple.
The rumors of China expanding its iPhone ban directly impact Apple as it could potentially lose a significant market, leading to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
In premarket trading, the Invesco QQQ ETF declined 0.13%.
The negative sentiment in the market is causing a decrease in the Invesco QQQ ETF's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
In premarket trading, the SPDR S&P 500 ETF Trust slipped 0.14%.
The negative sentiment in the market is causing a decrease in the SPDR S&P 500 ETF Trust's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Kroger Co. is scheduled to release its quarterly results.
The upcoming release of its quarterly results could potentially impact Kroger Co.'s stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
DocuSign rose over 3% in premarket trading following the release of its quarterly results.
The positive quarterly results led to an increase in DocuSign's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100