Investor Sentiment Declines As US Stocks Settle Lower
Portfolio Pulse from Lisa Levin
U.S. stocks closed lower on Monday, with the S&P 500 and Dow Jones ending their four-week gaining streak. The CNN Money Fear and Greed index indicated a slight decline in market sentiment but remained in the 'Greed' zone. E-commerce stocks like Shopify and Amazon performed well on Cyber Monday, while health care and industrials sectors saw the biggest losses. Investors are looking forward to earnings reports from HPE, CRWD, NTAP, and INTU. The Fear & Greed Index, which measures market sentiment, stayed in 'Greed' at a reading of 65.
November 28, 2023 | 7:24 am
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POSITIVE IMPACT
Amazon also saw its stock close higher on Cyber Monday, benefiting from the surge in online shopping.
Amazon's uptick on Cyber Monday likely reflects its strong position in e-commerce, which could lead to a short-term positive impact on its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Shopify closed higher on Cyber Monday, indicating strong performance amidst a general market downturn.
Shopify's positive performance on Cyber Monday, a key shopping day, suggests strong sector-specific activity that could positively influence its stock in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
CrowdStrike's upcoming earnings report is on investors' radar, potentially affecting its stock price.
CrowdStrike's stock may experience short-term neutrality as the market awaits its earnings report, which will provide more concrete information for investors.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Investors are anticipating HPE's earnings report, which could cause stock price volatility.
The anticipation of HPE's earnings report creates uncertainty, which typically leads to a neutral short-term impact on the stock as investors await results.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Intuit's earnings announcement is awaited, with potential implications for its stock price.
As Intuit approaches its earnings release, the stock may see neutral movement as investors hold positions until the financial performance is revealed.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
NetApp is set to release its earnings, which may influence its stock's short-term trajectory.
NetApp's earnings report is a key event that could lead to a neutral impact on its stock in the short term as the market digests the financial results.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 80