Stocks Mixed While Dollar, Treasury Yields Surge After CPI Data: What's Driving Markets Thursday?
Portfolio Pulse from Shanthi Rexaline
US stock futures indicate a higher open on Thursday, following four consecutive sessions of gains. Delta Air Lines reported strong quarterly results, boosting expectations of healthy corporate profits this earnings season. The upcoming release of the consumer price inflation report for September is likely to influence market direction. Traders are factoring in a Fed pause and likely rate cuts next year, according to Morgan Stanley’s Lisa Shalett. In premarket trading, the SPDR S&P 500 ETF Trust rose 0.44% and the Invesco QQQ ETF gained 0.40%. Ford Motor Co. fell over 2% in premarket trading after the United Auto Workers union extended the strike to the company’s Kentucky plant.
October 12, 2023 | 11:23 am
News sentiment analysis
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POSITIVE IMPACT
Delta Air Lines reported strong quarterly results, boosting expectations of healthy corporate profits this earnings season.
Delta's strong earnings report is likely to boost investor confidence in the company and could lead to a short-term increase in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
In premarket trading on Thursday, the Invesco QQQ ETF gained 0.40%.
The rise in the Invesco QQQ ETF in premarket trading indicates positive investor sentiment, which could lead to a short-term increase in its price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
In premarket trading on Thursday, the SPDR S&P 500 ETF Trust rose 0.44%.
The rise in the SPDR S&P 500 ETF Trust in premarket trading indicates positive investor sentiment, which could lead to a short-term increase in its price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Ford Motor Co. fell over 2% in premarket trading after the United Auto Workers union extended the strike to the company’s Kentucky plant.
The extended union strike at Ford's Kentucky plant could disrupt production, leading to a potential decrease in revenues and a short-term decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90