US Stocks Remain Volatile As Fear Continues To Grip Markets
Portfolio Pulse from Lisa Levin
US stocks closed mixed with the Dow Jones Industrial Average moving lower and the CNN Money Fear and Greed index moving to the 'Extreme Fear' zone. Investors are concerned about the Federal Reserve's commitment to keeping interest rates high. Costco Wholesale Corporation and Micron Technology, Inc. reported better-than-expected earnings for Q4. Investors are awaiting earnings results from Accenture plc, Jabil Inc., and NIKE, Inc.
September 28, 2023 | 7:15 am
News sentiment analysis
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POSITIVE IMPACT
Costco shares gained 1.9% after reporting better-than-expected Q4 earnings and sales results.
Positive earnings results typically lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Investors are awaiting earnings results from Accenture plc.
The anticipation of earnings results can cause stock price volatility, but the direction is uncertain until the results are released.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Investors are awaiting earnings results from Jabil Inc.
The anticipation of earnings results can cause stock price volatility, but the direction is uncertain until the results are released.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Investors are awaiting earnings results from NIKE, Inc.
The anticipation of earnings results can cause stock price volatility, but the direction is uncertain until the results are released.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Micron Technology posted upbeat Q4 results but expects a wider-than-expected loss for Q1.
While Q4 results were positive, the expectation of a wider Q1 loss could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100