S&P 500, Nasdaq Settle Lower As Tech Stocks Continue To Falter: Greed Index In 'Fear' Zone
Portfolio Pulse from Avi Kapoor
The S&P 500 and Nasdaq Composite closed lower on Thursday, driven by declines in tech stocks such as Nvidia, Meta Platforms, Microsoft, and Alphabet. Ford Motor Company and Edwards Lifesciences Corporation saw significant drops due to disappointing earnings reports. The CNN Money Fear and Greed index remained in the 'Fear' zone, indicating negative market sentiment.
July 26, 2024 | 8:06 am
News sentiment analysis
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NEGATIVE IMPACT
Edwards Lifesciences shares dipped 31% after reporting worse-than-expected Q2 sales results and issuing weak Q3 guidance.
Edwards Lifesciences' significant drop is due to poor Q2 sales results and weak Q3 guidance, impacting investor sentiment.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Ford shares tumbled over 18% after missing analyst EPS estimates for the 2024 fiscal year second quarter.
Ford's significant drop is directly tied to its disappointing earnings report, which missed analyst expectations.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Alphabet shares settled lower, reflecting the broader decline in tech stocks and contributing to the Nasdaq Composite's drop.
Alphabet's decline is indicative of the broader negative sentiment in the tech sector, impacting overall market performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Alphabet shares settled lower, reflecting the broader decline in tech stocks and contributing to the Nasdaq Composite's drop.
Alphabet's decline is indicative of the broader negative sentiment in the tech sector, impacting overall market performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Meta Platforms shares settled lower, reflecting the broader decline in tech stocks and contributing to the Nasdaq Composite's drop.
Meta Platforms is a major tech stock, and its decline is indicative of the broader negative sentiment in the tech sector.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Microsoft shares settled lower, contributing to the overall decline in tech stocks and the Nasdaq Composite.
Microsoft's decline is part of the broader negative trend in tech stocks, affecting overall market performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Nvidia shares settled lower as tech stocks continued to falter, contributing to the decline in the Nasdaq Composite.
Nvidia is a leading tech stock, and its decline reflects broader market sentiment in the tech sector, contributing to the overall market downturn.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80