Fear & Greed Index In 'Greed' Zone; S&P 500 Hits Record High After April Inflation Report
Portfolio Pulse from Avi Kapoor
The CNN Money Fear and Greed index remains in the 'Greed' zone, indicating positive market sentiment. The S&P 500 hit a record high following the April inflation report, which showed a slight decrease in consumer price growth. Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) fell 6% after Q1 results. Investors are awaiting earnings from JD.com, Inc. (NASDAQ:JD), Walmart Inc. (NYSE:WMT), and Deere & Company (NYSE:DE).
May 16, 2024 | 6:17 am
News sentiment analysis
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NEUTRAL IMPACT
Investors are awaiting earnings results from Deere & Company.
The anticipation of Deere & Company's earnings results could lead to increased volatility in its stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Investors are awaiting earnings results from JD.com, Inc.
The anticipation of JD.com's earnings results could lead to increased volatility in its stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Investors are awaiting earnings results from Walmart Inc.
The anticipation of Walmart's earnings results could lead to increased volatility in its stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Shares of Arcos Dorados Holdings Inc. fell around 6% after reporting Q1 results.
The 6% drop in ARCO's share price is a direct reaction to its Q1 earnings report, indicating investor disappointment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80