Investor Fear Grows Following Powell's Comments
Portfolio Pulse from Lisa Levin
US stocks closed lower following comments from Federal Reserve Chair Jerome Powell acknowledging persistent elevated inflation levels. The CNN Money Fear and Greed index showed increased fear among investors. Tesla shares fell 9.3% after reporting worse-than-expected Q3 results, while Netflix shares jumped 16% after better-than-expected Q3 results. Investors are awaiting earnings results from American Express, Schlumberger, and Huntington Bancshares.
October 20, 2023 | 10:10 am
News sentiment analysis
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POSITIVE IMPACT
Netflix shares jumped 16% after reporting better-than-expected Q3 results.
Netflix's better-than-expected Q3 results have positively impacted its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Investors are awaiting earnings results from American Express.
The upcoming earnings results from American Express could potentially impact its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Investors are awaiting earnings results from Huntington Bancshares.
The upcoming earnings results from Huntington Bancshares could potentially impact its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Investors are awaiting earnings results from Schlumberger.
The upcoming earnings results from Schlumberger could potentially impact its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Tesla shares fell 9.3% after reporting worse-than-expected Q3 results.
Tesla's worse-than-expected Q3 results have negatively impacted its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100