S&P 500 Reclaims 4,500, Oil Hits $90 As Rising Inflation Fails To Dampen Risk Sentiment: What's Driving Markets Thursday?
Portfolio Pulse from Shanthi Rexaline
Traders are looking past inflation data and focusing on key catalysts such as interest rate decisions, producer price inflation reports, and retail sales data for August. Adobe Systems, Inc. (NASDAQ:ADBE) and Lennar Corp. (NYSE:LEN) are set to release their earnings reports. The SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ ETF (NASDAQ:QQQ) saw gains in premarket trading. Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) fell in premarket trading after an FDA panel raised concerns about one of its drugs. OKYO Pharma Limited (NASDAQ:OKYO) also saw a drop due to a common stock offering.
September 14, 2023 | 10:52 am
News sentiment analysis
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NEGATIVE IMPACT
Alnylam Pharmaceuticals, Inc. fell in premarket trading after an FDA panel raised concerns about one of its drugs.
Negative news about a company's product, especially when it involves regulatory concerns, can have a significant negative impact on the company's stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
OKYO Pharma Limited saw a drop in its stock price due to a common stock offering.
A common stock offering can dilute existing shares, which can lead to a drop in the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Adobe Systems, Inc. is set to release its earnings report, which could impact its stock price.
The release of an earnings report can have a significant impact on a company's stock price, depending on whether the results meet, exceed, or fall short of expectations.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Lennar Corp. is set to release its earnings report, which could impact its stock price.
The release of an earnings report can have a significant impact on a company's stock price, depending on whether the results meet, exceed, or fall short of expectations.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
The Invesco QQQ ETF saw gains in premarket trading.
Positive premarket trading can indicate a positive opening for the ETF when the market opens.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
The SPDR S&P 500 ETF Trust saw gains in premarket trading.
Positive premarket trading can indicate a positive opening for the ETF when the market opens.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50