Nasdaq, S&P 500 Futures Flat Ahead Of Jobs, Services Sector Data; Tesla Rises: Analyst Sees Further Gains For US Stocks
Portfolio Pulse from Shanthi Rexaline
Nasdaq and S&P 500 futures are flat ahead of key economic data releases. Tesla is expected to support tech indices with further gains. SPDR S&P 500 ETF Trust and Invesco QQQ ETF show slight premarket increases. Analysts predict strong performance for US stocks in the short term, but caution about potential volatility post-earnings season. Paramount Global rises on a new deal, and Constellation Brands is set to report earnings.
July 03, 2024 | 11:29 am
News sentiment analysis
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POSITIVE IMPACT
Paramount Global climbs over 9% in premarket on reports of a new Skydance deal.
The new Skydance deal is a significant positive development for Paramount Global, driving its stock price higher.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Invesco QQQ ETF edges up 0.07% in premarket trading, indicating positive sentiment in tech stocks.
The slight increase in QQQ reflects positive sentiment in tech stocks, likely supported by Tesla's performance.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
SPDR S&P 500 ETF Trust shows a slight premarket increase of 0.06%, reflecting cautious optimism.
The slight increase in SPY indicates cautious optimism among traders ahead of key economic data releases.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Tesla is expected to support tech indices with further gains, extending its winning streak.
Tesla's continued rise is likely to positively impact tech indices, contributing to overall market optimism.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Constellation Brands is set to report its quarterly results ahead of the market open.
The upcoming earnings report could impact Constellation Brands' stock price depending on the results.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50