S&P 500 Settles At New Record Even As Fear & Greed Index Moves To 'Fear' Zone
Portfolio Pulse from Avi Kapoor
The S&P 500 hit new highs despite the CNN Money Fear and Greed index moving to the 'Fear' zone. Tesla shares surged 6.5% after Wedbush raised its price target. ADP data showed lower-than-expected private payroll growth, and weekly jobless claims were higher than expected.
July 05, 2024 | 3:01 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Tesla shares surged 6.5% after Wedbush raised its price target from $275 to $300. The stock also climbed following strong delivery figures.
The significant price target increase by Wedbush and strong delivery figures are likely to boost investor confidence in Tesla, leading to a short-term price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100