Stocks Suffer, Safe Havens Rise As Investors Fear Escalation In Middle East: What's Driving Markets Friday?
Portfolio Pulse from Shanthi Rexaline
The market sentiment remains negative due to mixed earnings and rate worries. Crude oil continues to rise, questioning the U.S. government's decision to buy oil. The Nasdaq Composite and the S&P 500 indices closed lower for the third straight session. Netflix shares rallied following its quarterly results. The SPDR S&P 500 ETF Trust and the Invesco QQQ ETF slipped in premarket trading. Stocks of Knight-Swift Transportation soared following their quarterly results, while SolarEdge Technologies plunged after warning of a Q3 shortfall.
October 20, 2023 | 11:26 am
News sentiment analysis
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NEGATIVE IMPACT
The Invesco QQQ ETF slipped in premarket trading.
The slip in the Invesco QQQ ETF in premarket trading indicates negative investor sentiment towards the ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
SolarEdge Technologies shares plunged after warning of a Q3 shortfall.
The plunge in SolarEdge shares after warning of a Q3 shortfall indicates negative investor sentiment towards the company.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The SPDR S&P 500 ETF Trust slipped in premarket trading.
The slip in the SPDR S&P 500 ETF Trust in premarket trading indicates negative investor sentiment towards the ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Knight-Swift Transportation shares soared following their quarterly results.
The surge in Knight-Swift shares following their quarterly results indicates positive investor sentiment towards the company.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Netflix shares rallied following its quarterly results.
The strong rally in Netflix shares following its quarterly results indicates positive investor sentiment towards the company.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80