US Stocks End Lower As Investor Optimism Decreases Ahead Of Big Tech Earnings
Portfolio Pulse from Avi Kapoor
US stocks closed lower on Tuesday as investor optimism decreased ahead of big tech earnings. Coca-Cola, GE Aerospace, and General Motors reported better-than-expected Q2 results and raised their guidance. Tesla reported weaker-than-expected earnings but beat sales estimates, while Alphabet reported strong earnings and sales. The CNN Money Fear and Greed index moved to the 'Neutral' zone.
July 24, 2024 | 7:39 am
News sentiment analysis
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NEGATIVE IMPACT
Tesla reported weaker-than-expected Q2 earnings but sales topped estimates.
Tesla's weaker-than-expected earnings are likely to negatively impact its stock price in the short term, despite beating sales estimates.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
GE Aerospace reported upbeat Q2 earnings and raised its FY24 outlook.
GE Aerospace's strong earnings and raised outlook are likely to positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
General Motors reported better-than-expected Q2 earnings and raised its guidance.
General Motors' better-than-expected earnings and raised guidance are likely to positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Alphabet reported strong Q2 earnings and sales results.
Alphabet's strong earnings and sales results are likely to positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Alphabet reported strong Q2 earnings and sales results.
Alphabet's strong earnings and sales results are likely to positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Coca-Cola reported better-than-expected Q2 results and raised its guidance.
Coca-Cola's better-than-expected earnings and raised guidance are likely to positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80