Fear & Greed Index Remains In 'Extreme Greed' Zone Ahead Of Inflation Data; Dow Hits Record High
Portfolio Pulse from Avi Kapoor
The CNN Money Fear and Greed index remained in the 'Extreme Greed' zone at 77.71. U.S. stocks had a mixed close with the Dow Jones hitting a record high. Diamondback Energy announced a merger with Endeavor Energy Resources, and Gilead Sciences agreed to acquire CymaBay Therapeutics. The U.S. Federal budget deficit decreased, and inflation data is awaited. Sectors like utilities, energy, and materials gained, while IT and real estate fell. Earnings from AutoNation, Lyft, Coca-Cola, and Marriott are anticipated.

February 13, 2024 | 8:43 am
News sentiment analysis
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NEUTRAL IMPACT
Investors are awaiting earnings results from AutoNation.
Pending earnings announcements typically introduce uncertainty, making it difficult to predict short-term stock movement without further details.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 70
NEUTRAL IMPACT
Investors are awaiting earnings results from The Coca-Cola Company.
Pending earnings announcements typically introduce uncertainty, making it difficult to predict short-term stock movement without further details.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 70
NEUTRAL IMPACT
Investors are awaiting earnings results from Lyft.
Pending earnings announcements typically introduce uncertainty, making it difficult to predict short-term stock movement without further details.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 70
NEUTRAL IMPACT
Investors are awaiting earnings results from Marriott International.
Pending earnings announcements typically introduce uncertainty, making it difficult to predict short-term stock movement without further details.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
CymaBay Therapeutics shares jumped over 25% after Gilead Sciences agreed to acquire the company.
The acquisition by Gilead Sciences is viewed positively by investors, leading to a substantial increase in CBAY's share price, indicating a bullish short-term outlook.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 90
POSITIVE IMPACT
Diamondback Energy shares surged 9.4% after announcing a merger with Endeavor Energy Resources.
The significant share price jump reflects positive investor sentiment towards the merger announcement, indicating a likely short-term bullish impact.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90