US Stocks Rise Despite Hot Inflation As Fed Sentiment Remains Unshaken: What's Driving Markets Wednesday?
Portfolio Pulse from Shanthi Rexaline
Inflation concerns are causing volatility in the index futures, with a weaker-than-expected inflation print potentially leading to a strong gain. The Nasdaq Composite and the S&P 500 indices retreated on Tuesday, influenced by a negative reaction to Apple's iPhone launch event. The SPDR S&P 500 ETF Trust and the Invesco QQQ ETF fell in premarket trading on Wednesday. Ford Motor Co. and General Motors Corp. saw a rise in premarket trading on hopes of a resolution to the standoff with the UAW.
September 13, 2023 | 10:41 am
News sentiment analysis
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NEGATIVE IMPACT
Apple's iPhone launch event received a negative reaction, impacting the Nasdaq Composite and the S&P 500 indices.
The negative reaction to Apple's iPhone launch event has caused a retreat in the Nasdaq Composite and the S&P 500 indices, indicating a potential short-term negative impact on Apple's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The Invesco QQQ ETF fell in premarket trading on Wednesday.
The Invesco QQQ ETF fell in premarket trading on Wednesday, indicating a potential short-term negative impact on the ETF.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
The SPDR S&P 500 ETF Trust fell in premarket trading on Wednesday.
The SPDR S&P 500 ETF Trust fell in premarket trading on Wednesday, indicating a potential short-term negative impact on the ETF.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Ford Motor Co. saw a rise in premarket trading on hopes of a resolution to the standoff with the UAW.
Ford Motor Co. saw a rise in premarket trading on hopes of a resolution to the standoff with the UAW, indicating a potential short-term positive impact on the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
General Motors Corp. saw a rise in premarket trading on hopes of a resolution to the standoff with the UAW.
General Motors Corp. saw a rise in premarket trading on hopes of a resolution to the standoff with the UAW, indicating a potential short-term positive impact on the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90