Stocks Rise On Positive Earnings; Treasury Volatility Returns, Nvidia Stumbles: What's Driving Markets Tuesday?
Portfolio Pulse from Shanthi Rexaline
US stock futures are sliding as traders look past positive earnings news. The bond yields have resumed their climb, with the 10-year U.S. Treasury note yield back above 4.7%, reflecting investor fears concerning further rate hikes. Johnson & Johnson (NYSE:JNJ) and Bank of America Corp. (NYSE:BAC) reported better-than-expected results. Analysts predict a year-end rally and a strong 2024 ahead. In premarket trading, the SPDR S&P 500 ETF Trust (NYSE:SPY) slipped 0.27% and the Invesco QQQ ETF (NASDAQ:QQQ) fell 0.29%.
October 17, 2023 | 11:33 am
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POSITIVE IMPACT
Bank of America Corp. reported better-than-expected results.
Better-than-expected results typically have a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Johnson & Johnson reported better-than-expected results.
Better-than-expected results typically have a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
In premarket trading, the Invesco QQQ ETF fell 0.29%.
A decrease in premarket trading typically indicates a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
In premarket trading, the SPDR S&P 500 ETF Trust slipped 0.27%.
A decrease in premarket trading typically indicates a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80