S&P 500, Nasdaq Fall After 8-Session Winning Streak Ahead Of Powell's Comments And FOMC Minutes: Fear & Greed Index In 'Neutral' Zone
Portfolio Pulse from Avi Kapoor
The S&P 500 and Nasdaq ended their eight-session winning streaks as investors await the Federal Reserve's Jackson Hole Symposium. Palo Alto Networks saw a 7% rise after strong earnings, while Lowe's reported good earnings but lowered its FY24 outlook. The Fear & Greed Index remains neutral.
August 21, 2024 | 6:16 am
News sentiment analysis
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NEGATIVE IMPACT
Lowe's reported strong Q2 earnings but revised its FY24 outlook downward due to a decline in comparable sales.
Despite strong earnings, the downward revision of the FY24 outlook due to declining sales may negatively impact the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
NEUTRAL IMPACT
Investors are awaiting earnings results from Target Corporation.
The anticipation of earnings results creates uncertainty, but no specific impact is determined until results are released.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Investors are awaiting earnings results from The TJX Companies.
The anticipation of earnings results creates uncertainty, but no specific impact is determined until results are released.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Investors are awaiting earnings results from Zoom Video Communications.
The anticipation of earnings results creates uncertainty, but no specific impact is determined until results are released.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Palo Alto Networks shares rose over 7% after reporting better-than-expected Q4 results and issuing strong guidance.
The strong earnings report and positive guidance are likely to boost investor confidence, leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90