US Stocks Set To Finish Week In The Red, Marking End Of Tough September: What's Driving Markets Friday?
Portfolio Pulse from Shanthi Rexaline
Stocks are expected to continue their upward momentum, with focus on the Federal Reserve's preferred inflation gauge. Nike posted positive earnings, supporting the market. Bond yields are easing and oil prices are being monitored. The threat of a government shutdown could impact traders. Major indices rose in Thursday's trading, led by communication services, consumer discretionary, and materials. The SPDR S&P 500 ETF Trust and the Invesco QQQ ETF gained in premarket trading on Friday. Nike, Blue Apron Holdings, and Carnival Corp. are in focus.
September 29, 2023 | 11:38 am
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POSITIVE IMPACT
Blue Apron Holdings jumped after announcing a deal to acquire food delivery startup Wonder.
Acquisitions often lead to a rise in stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Nike posted positive earnings, providing support to the market.
Positive earnings typically lead to a rise in stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The Invesco QQQ ETF gained in premarket trading on Friday.
Positive premarket trading often leads to a rise in stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The SPDR S&P 500 ETF Trust rose in premarket trading on Friday.
Positive premarket trading often leads to a rise in stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Carnival Corp. is due to report its quarterly results ahead of the market open.
The impact on the stock price will depend on the results.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70