Why Fear Among US Investors Is Rising
Portfolio Pulse from Lisa Levin
US stocks closed lower on Friday, with the Dow Jones Industrial Average falling over 100 points. The Federal Reserve maintained the federal funds rate within the 5.25% to 5.5% range, but hinted at a possible rate increase later this year. The S&P Global manufacturing PMI rose to 48.9 in September, beating market estimates, while the services PMI declined to 50.2, missing estimates. Scholastic Corporation's shares fell over 13% after reporting downbeat Q1 results. Investors are awaiting earnings results from THOR Industries, Puyi Inc., and Xiao-I Corporation.
September 25, 2023 | 6:52 am
News sentiment analysis
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NEUTRAL IMPACT
Investors are awaiting earnings results from Xiao-I Corporation.
The upcoming earnings report from Xiao-I Corporation is expected to influence its stock price, but the direction is uncertain until the results are released.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEUTRAL IMPACT
Investors are awaiting earnings results from Puyi Inc.
The upcoming earnings report from Puyi Inc. is expected to influence its stock price, but the direction is uncertain until the results are released.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEUTRAL IMPACT
Investors are awaiting earnings results from THOR Industries.
The upcoming earnings report from THOR Industries is expected to influence its stock price, but the direction is uncertain until the results are released.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
Scholastic Corporation's shares fell over 13% after reporting downbeat Q1 results.
Scholastic Corporation reported disappointing Q1 results, leading to a significant drop in its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100