US Stocks Falter, Oil, Gold Rally As Israel-Hamas Conflict Escalates: What's Driving Markets Friday?
Portfolio Pulse from Shanthi Rexaline
US stock futures showed mixed trends on Friday, with UnitedHealth Group, Inc. (NYSE:UNH) and JPMorgan Chase & Co. (NYSE:JPM) reporting better-than-expected earnings. Rising oil prices and weak economic data from China are causing concern among traders. The SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ ETF (NASDAQ:QQQ) both slipped in premarket trading. UnitedHealth rose about 2% in premarket trading after reporting a Q3 earnings beat. Dollar General Corp. (NYSE:DG) rallied about 8% after it brought back its previous CEO. Shares of Activision Blizzard, Inc. (NASDAQ:ATVI) could be in focus as the U.K. antitrust regulator approved its pending acquisition by Microsoft Corp. (NASDAQ:MSFT).
October 13, 2023 | 11:34 am
News sentiment analysis
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NEGATIVE IMPACT
The Invesco QQQ ETF moved down 0.37% in premarket trading.
Negative premarket trading typically indicates a potential drop in price during the trading day.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The SPDR S&P 500 ETF Trust slipped 0.09% in premarket trading.
Negative premarket trading typically indicates a potential drop in price during the trading day.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Shares of Activision Blizzard could be in focus as the U.K. antitrust regulator approved its pending acquisition by Microsoft.
Approval of a pending acquisition can often lead to a rise in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Dollar General rallied about 8% after it brought back its previous CEO Todd Vasos.
Changes in leadership, especially the return of a previous CEO, can often lead to a rise in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
JPMorgan reported better-than-expected earnings.
Positive earnings reports typically lead to a rise in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Microsoft's pending acquisition of Activision Blizzard was approved by the U.K. antitrust regulator.
Approval of a pending acquisition can often lead to a rise in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
UnitedHealth reported better-than-expected Q3 earnings and raised its full-year earnings guidance, causing its stock to rise about 2% in premarket trading.
Positive earnings reports typically lead to a rise in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100