Investor Fear Grows As Bond Yields Rise; S&P 500 Ends 8-Day Winning Streak
Portfolio Pulse from Lisa Levin
US stocks closed lower on Thursday, with the S&P 500 ending an eight-session winning streak due to an increase in bond yields. The Walt Disney Company (NYSE:DIS) shares gained 6.9% after reporting better-than-expected Q4 earnings, while Arm Holdings plc (NASDAQ:ARM) shares fell over 5% after issuing Q2 financial results and guidance. Investors are awaiting earnings results from StoneCo Ltd. (NASDAQ:STNE), Soho House & Co Inc. (NYSE:SHCO) and Algonquin Power & Utilities Corp. (NYSE:AQN).
November 10, 2023 | 12:11 pm
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POSITIVE IMPACT
Disney shares gained 6.9% after reporting better-than-expected Q4 earnings.
Disney's better-than-expected Q4 earnings led to a significant increase in its share price. This positive financial performance is likely to continue to support the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Investors are awaiting earnings results from Algonquin Power & Utilities Corp.
The upcoming earnings results from Algonquin Power & Utilities Corp. could potentially impact the stock's price, depending on whether the results meet, exceed, or fall short of expectations.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Investors are awaiting earnings results from Soho House & Co Inc.
The upcoming earnings results from Soho House & Co Inc. could potentially impact the stock's price, depending on whether the results meet, exceed, or fall short of expectations.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Investors are awaiting earnings results from StoneCo Ltd.
The upcoming earnings results from StoneCo Ltd. could potentially impact the stock's price, depending on whether the results meet, exceed, or fall short of expectations.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Arm Holdings shares fell over 5% after issuing Q2 financial results and guidance.
Arm Holdings' shares fell due to its Q2 financial results and guidance. This negative financial performance is likely to continue to pressure the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100