US Stocks See Modest Gains, Energy Outperforms, Bond Carnage Deepens: What's Driving Markets Monday?
Portfolio Pulse from Shanthi Rexaline
The market remains lackluster with index futures slightly in the red and the 10-year Treasury yield approaching 5%. The Nasdaq Composite and the S&P 500 hit their lowest levels in 3.5 months. The S&P 500 is down nearly 4% on the month, and technical damage is beginning to mount. In premarket trading, the SPDR S&P 500 ETF Trust (NYSE:SPY) fell 0.13% and the Invesco QQQ ETF (NASDAQ:QQQ) moved down 0.15%. Stocks of studios such as Walt Disney Co. (NYSE:DIS), Paramount Global (NASDAQ:PARA), Warner Bros. Discovery, Inc. (NASDAQ:WBD), Amazon, Inc. (NASDAQ:AMZN), and Netflix, Inc. (NASDAQ:NFLX) rose in premarket trading after Hollywood’s writers union reached a preliminary labor agreement with major studios.
September 25, 2023 | 11:15 am
News sentiment analysis
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POSITIVE IMPACT
Amazon, Inc. stock rose in premarket trading after Hollywood’s writers union reached a preliminary labor agreement with major studios.
The stock is likely to benefit from the positive news of the labor agreement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Walt Disney Co. stock rose in premarket trading after Hollywood’s writers union reached a preliminary labor agreement with major studios.
The stock is likely to benefit from the positive news of the labor agreement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Netflix, Inc. stock rose in premarket trading after Hollywood’s writers union reached a preliminary labor agreement with major studios.
The stock is likely to benefit from the positive news of the labor agreement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Paramount Global stock rose in premarket trading after Hollywood’s writers union reached a preliminary labor agreement with major studios.
The stock is likely to benefit from the positive news of the labor agreement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Warner Bros. Discovery, Inc. stock rose in premarket trading after Hollywood’s writers union reached a preliminary labor agreement with major studios.
The stock is likely to benefit from the positive news of the labor agreement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
The Invesco QQQ ETF moved down 0.15% in premarket trading.
The ETF is directly impacted by the overall market sentiment, which is currently negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The SPDR S&P 500 ETF Trust fell 0.13% in premarket trading.
The ETF is directly impacted by the overall market sentiment, which is currently negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100