S&P 500 Logs Worst Weekly Decline Since April; Investor Optimism Falls Further
Portfolio Pulse from Avi Kapoor
The S&P 500 experienced its worst weekly decline since April, with investor optimism falling further as indicated by the CNN Money Fear and Greed index. Major indices closed lower, with the S&P 500 down 1.97% and the Nasdaq down 3.65% for the week. CrowdStrike Holdings, Inc. (CRWD) shares fell over 11% due to a major outage, while Netflix Inc. (NFLX) posted better-than-expected earnings. Investors are awaiting earnings results from Brown & Brown, Inc. (BRO), SAP SE (SAP), and Verizon Communications Inc. (VZ).
July 22, 2024 | 7:31 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
CrowdStrike Holdings, Inc. shares fell over 11% on Friday due to a major outage impacting businesses globally.
The significant outage has directly impacted CrowdStrike's operations and client trust, leading to a sharp decline in its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Investors are awaiting earnings results from Brown & Brown, Inc.
The anticipation of earnings results can create volatility, but the impact will depend on the actual results.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
Investors are awaiting earnings results from SAP SE.
The anticipation of earnings results can create volatility, but the impact will depend on the actual results.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
Investors are awaiting earnings results from Verizon Communications Inc.
The anticipation of earnings results can create volatility, but the impact will depend on the actual results.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Netflix Inc. posted better-than-expected earnings and sales results for its second quarter.
Netflix's strong earnings report is likely to boost investor confidence and positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100