Stocks Surge Ahead Of Microsoft, Alphabet Earnings, Bitcoin Eyes Sixth Day Of Gains: What's Driving Markets Tuesday?
Portfolio Pulse from Shanthi Rexaline
US stock futures are surging ahead of Microsoft and Google's earnings announcements. The tech-heavy Nasdaq Composite Index is on track for a positive open after snapping a four-day losing streak. Analysts are hopeful for positive earnings reports from the 'Magnificent Seven', which includes Alphabet, Inc. and Microsoft Corp. However, they caution against any negative surprises. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF rose. Coinbase Global, Inc. surged over 7% in premarket trading after an appeals court ordered the SEC to review the Grayscale Bitcoin Spot ETF application.
October 24, 2023 | 11:24 am
News sentiment analysis
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POSITIVE IMPACT
Coinbase Global, Inc. surged over 7% in premarket trading after an appeals court ordered the SEC to review the Grayscale Bitcoin Spot ETF application.
The court order for the SEC to review the Grayscale Bitcoin Spot ETF application could be a positive development for Coinbase, leading to a surge in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Alphabet, Inc. is set to announce their earnings after the market close. Positive earnings could boost the stock.
The announcement of earnings is a significant event for a company. Positive earnings could lead to an increase in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Microsoft Corp. is set to announce their earnings after the market close. Positive earnings could boost the stock.
The announcement of earnings is a significant event for a company. Positive earnings could lead to an increase in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
In premarket trading, the Invesco QQQ ETF jumped 0.67% to $358.05.
The jump in the Invesco QQQ ETF in premarket trading could indicate a positive sentiment among investors.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
In premarket trading, the SPDR S&P 500 ETF Trust rose 0.55% to $422.76.
The rise in the SPDR S&P 500 ETF Trust in premarket trading could indicate a positive sentiment among investors.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100