Fear Among US Investors Is Growing: Here's Why
Portfolio Pulse from Lisa Levin
The CNN Money Fear and Greed index showed an increase in overall fear among US investors, moving closer to the 'Extreme Fear' zone. This was reflected in the US stock market, with all sectors on the S&P 500 closing negatively. American Express Company (AXP) and Schlumberger N.V. (SLB) saw significant share price drops following their Q3 earnings releases. Investors are now awaiting earnings results from W. R. Berkley Corporation (WRB), Cleveland-Cliffs Inc. (CLF), and Packaging Corporation of America (PKG).
October 23, 2023 | 7:10 am
News sentiment analysis
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NEGATIVE IMPACT
American Express shares fell more than 5% following their Q3 earnings release.
The drop in American Express' share price is directly linked to their Q3 earnings release, indicating a negative market reaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Schlumberger N.V. shares fell around 3% after the company released its Q3 results.
The fall in Schlumberger's share price is directly linked to their Q3 earnings release, indicating a negative market reaction.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Investors are awaiting earnings results from Cleveland-Cliffs Inc.
The upcoming earnings release from Cleveland-Cliffs Inc. could potentially impact the company's share price, depending on the results.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
Investors are awaiting earnings results from Packaging Corporation of America.
The upcoming earnings release from Packaging Corporation of America could potentially impact the company's share price, depending on the results.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
Investors are awaiting earnings results from W. R. Berkley Corporation.
The upcoming earnings release from W. R. Berkley Corporation could potentially impact the company's share price, depending on the results.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80