S&P 500, Nasdaq Hit Record Highs As Apple Shares Surge: Fear And Greed Index Shows Progress Amid Improving Market Sentiment
Portfolio Pulse from Avi Kapoor
The S&P 500 and Nasdaq hit record highs as Apple shares surged following an upgrade by DA Davidson. The CNN Money Fear and Greed index showed improved market sentiment, remaining in the 'Neutral' zone. General Motors saw gains after announcing a $6 billion share repurchase authorization. Investors are awaiting the Federal Reserve's interest-rate decision and consumer price index, as well as earnings results from Broadcom, Dave & Buster’s, and Oxford Industries.
June 12, 2024 | 7:39 am
News sentiment analysis
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NEUTRAL IMPACT
Investors are awaiting earnings results from Broadcom, which could impact the stock price based on the company's performance.
The upcoming earnings report could lead to volatility in Broadcom's stock price depending on whether the results meet, exceed, or fall short of market expectations.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Oxford Industries is set to release its earnings results, which could influence the stock price based on the company's performance.
The upcoming earnings report could lead to volatility in Oxford Industries' stock price depending on whether the results meet, exceed, or fall short of market expectations.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Dave & Buster’s Entertainment is set to release its earnings results, which could influence the stock price based on the company's performance.
The upcoming earnings report could lead to volatility in Dave & Buster’s stock price depending on whether the results meet, exceed, or fall short of market expectations.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Apple shares surged to a record-high close after DA Davidson upgraded the stock, following announcements from the Worldwide Developers Conference 2024.
The upgrade by DA Davidson and positive announcements from the Worldwide Developers Conference 2024 are likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
General Motors shares gained 1.4% after the company’s board approved a new $6 billion share repurchase authorization.
The new share repurchase authorization is a positive signal to investors, indicating the company's confidence in its financial health and future prospects, likely leading to a short-term increase in stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80