Wall Street On Pins And Needles As Market Braces For Fed's Decision: Analyst Says Size And Speed Of Rate Cuts Will 'Frustrate Investors'
Portfolio Pulse from Shanthi Rexaline
The market is poised for further gains, with the S&P 500 and Nasdaq Composite hitting record highs. Investors are focused on the upcoming inflation report and the Federal Reserve's rate decision. Oracle's positive earnings may support tech stocks, while Apple led the tech charge in the previous session. Key economic data and Fed commentary will be crucial for market direction.
June 12, 2024 | 11:26 am
News sentiment analysis
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NEUTRAL IMPACT
Broadcom is due to release its quarterly results after the market close, which could impact its stock price.
The upcoming earnings report from Broadcom could impact its stock price, but the direction will depend on the results.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Oxford Industries is due to release its quarterly results after the market close, which could impact its stock price.
The upcoming earnings report from Oxford Industries could impact its stock price, but the direction will depend on the results.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Dave & Buster’s Entertainment is due to release its quarterly results after the market close, which could impact its stock price.
The upcoming earnings report from Dave & Buster’s Entertainment could impact its stock price, but the direction will depend on the results.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Apple led the tech charge in the previous session, contributing to the Nasdaq Composite's gains.
Apple's influence in the tech sector and its recent performance at the Worldwide Developers Conference are likely to have a positive short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Casey's General Stores rose over 5.50% following its earnings announcement, indicating strong performance.
Casey's General Stores' strong earnings announcement is likely to have a positive short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Oracle's positive earnings report has led to an 8.60% increase in premarket trading, providing support for tech stocks.
Oracle's strong earnings report is likely to boost investor sentiment in the tech sector, leading to a positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The Invesco QQQ ETF traded up 0.14% in premarket trading, supported by positive sentiment in the tech sector.
Positive sentiment in the tech sector, driven by strong earnings reports and market performance, is likely to support the Invesco QQQ ETF in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
The SPDR S&P 500 ETF Trust rose 0.14% in premarket trading, reflecting positive market sentiment ahead of the Fed's rate decision.
Positive market sentiment ahead of the Fed's rate decision is likely to support the SPDR S&P 500 ETF Trust in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60