Investor Fear Grows Slightly Ahead Of Key Jobs Data
Portfolio Pulse from Lisa Levin
The CNN Money Fear and Greed index showed a slight increase in investor fear, remaining in the 'Extreme Fear' zone. U.S. stocks closed slightly lower as investors await a key jobs report. ConAgra Brands Inc (NYSE:CAG) and Constellation Brands Inc (NYSE:STZ) reported better-than-expected earnings. Most S&P 500 sectors closed negatively, with consumer staples and materials stocks recording the biggest losses.
October 06, 2023 | 12:19 pm
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ConAgra Brands Inc reported better-than-expected earnings for its first quarter.
Better-than-expected earnings generally have a positive impact on a company's stock price in the short term as it indicates strong financial performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Constellation Brands Inc reported upbeat earnings for its second quarter.
Positive earnings reports typically lead to an increase in a company's stock price in the short term as it signals strong financial health.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100