Fear & Greed Index Remains In 'Fear' Zone; Dow Notches Best Day Since June
Portfolio Pulse from Lisa Levin
The CNN Money Fear and Greed index remained in the 'Fear' zone on Thursday, despite U.S. stocks closing sharply higher. The Dow Jones jumped more than 550 points, marking its best day since June. Starbucks Corp and S&P Global Inc. reported better-than-expected financial results, while U.S. initial jobless claims increased by 5,000 to 217,000. The Federal Reserve maintained interest rates for a second consecutive time. Investors are awaiting earnings results from Owens & Minor, Inc., Cardinal Health, Inc., Fluor Corporation, and Magna International Inc.
November 03, 2023 | 6:57 am
News sentiment analysis
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POSITIVE IMPACT
Starbucks reported better-than-expected Q4 financial results.
Positive earnings reports typically lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
S&P Global reported better-than-expected Q3 financial results and raised its annual profit outlook.
Positive earnings reports and raised profit outlooks typically lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Investors are awaiting earnings results from Cardinal Health, Inc.
Pending earnings reports can lead to uncertainty and volatility in stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Investors are awaiting earnings results from Fluor Corporation.
Pending earnings reports can lead to uncertainty and volatility in stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Investors are awaiting earnings results from Magna International Inc.
Pending earnings reports can lead to uncertainty and volatility in stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Investors are awaiting earnings results from Owens & Minor, Inc.
Pending earnings reports can lead to uncertainty and volatility in stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60