Fear & Greed Index Moves To 'Greed' Zone Following Inflation Data; Dow Tumbles Over 500 Points
Portfolio Pulse from Avi Kapoor
The CNN Money Fear and Greed index moved to the 'Greed' zone, indicating a decline in market sentiment. U.S. stocks, including the Dow Jones, closed lower following inflation data release, with the Dow tumbling over 500 points. Inflation eased to 3.1% in January, higher than expected. JetBlue shares surged 21.6% after Carl Icahn disclosed a significant stake. Coca-Cola reported better-than-expected sales. Treasury yields rose, and all S&P 500 sectors closed lower. Investors await earnings from Owens Corning, The Kraft Heinz Company, Cisco Systems, and Louisiana-Pacific Corporation.
February 14, 2024 | 8:16 am
News sentiment analysis
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NEUTRAL IMPACT
Investors are awaiting earnings results from Cisco Systems, Inc.
Pending earnings results create uncertainty, making it difficult to predict short-term stock movement.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 70
NEUTRAL IMPACT
Investors are awaiting earnings results from The Kraft Heinz Company.
Pending earnings results create uncertainty, making it difficult to predict short-term stock movement.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 70
NEUTRAL IMPACT
Investors are awaiting earnings results from Louisiana-Pacific Corporation.
Pending earnings results create uncertainty, making it difficult to predict short-term stock movement.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 70
NEUTRAL IMPACT
Investors are awaiting earnings results from Owens Corning.
Pending earnings results create uncertainty, making it difficult to predict short-term stock movement.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
JetBlue Airways Corporation shares surged 21.6% after Carl Icahn disclosed a 9.91% stake in the company.
Carl Icahn's significant stake disclosure in JetBlue likely instills confidence in investors, driving the stock price up.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Coca-Cola Company posted better-than-expected sales for its fourth quarter.
Coca-Cola's better-than-expected sales results could positively influence investor sentiment and stock price.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80