Fear & Greed Index Remains In 'Greed' Zone; Dow Jumps Over 150 Points
Portfolio Pulse from Avi Kapoor
The Fear & Greed Index remained in the 'Greed' zone despite a slight decline, with the Dow Jones falling over 150 points. U.S. markets are poised for a fifth consecutive month of gains, with major indices recently hitting record highs. United Airlines shares dropped 3.4% amid potential FAA restrictions on new routes due to safety concerns. Economic data showed a rise in the Chicago Fed National Activity Index and a slight drop in new home sales. Most S&P 500 sectors closed lower, except for energy and utilities. Investors anticipate earnings results from McCormick & Company, Synnex, and GameStop.
March 26, 2024 | 8:46 am
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NEUTRAL IMPACT
GameStop is set to release earnings results, which could affect its stock's short-term price.
GameStop's upcoming earnings announcement creates a speculative atmosphere around its stock's short-term price direction, pending the results.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 70
NEUTRAL IMPACT
Investors are awaiting earnings results from McCormick & Company, which could influence the stock's short-term performance.
The anticipation of McCormick & Company's earnings results creates uncertainty around its stock's short-term direction, pending the actual earnings outcome.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 70
NEUTRAL IMPACT
Investors are awaiting earnings results from Synnex, potentially impacting its stock's short-term movement.
The anticipation of Synnex's earnings results introduces uncertainty regarding its stock's short-term movement, depending on the earnings report.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 70
NEGATIVE IMPACT
United Airlines shares fell 3.4% due to potential FAA restrictions on new routes amid safety issues.
The drop in United Airlines' shares is directly linked to the FAA's consideration of restricting new routes due to safety concerns, which could impact the airline's expansion plans and profitability.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90