S&P 500 Records Largest Weekly Decline Since March 2023 As Nvidia, Google Tumble: Fear & Greed Index Moves To 'Fear' Zone
Portfolio Pulse from Avi Kapoor
The S&P 500 experienced its largest weekly decline since March 2023, driven by a sell-off in megacap tech stocks like Amazon, Alphabet, and NVIDIA. The CNN Money Fear and Greed index shifted to the 'Fear' zone, indicating declining market sentiment. Despite a positive jobs report, most sectors closed negatively, with real estate being an exception.
September 09, 2024 | 8:13 am
News sentiment analysis
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NEGATIVE IMPACT
Amazon shares fell 3.7% amid a broader market decline, contributing to the S&P 500's worst week since March 2023.
Amazon's stock decline is part of a larger trend affecting megacap tech stocks, which are seeing reduced investor confidence as indicated by the Fear & Greed Index moving to 'Fear'.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Alphabet shares tumbled 4.1%, reflecting investor caution in tech stocks amid a market downturn.
Alphabet's significant stock drop is indicative of broader market sentiment turning negative, especially in tech, as shown by the Fear & Greed Index.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Alphabet shares tumbled 4.1%, reflecting investor caution in tech stocks amid a market downturn.
Alphabet's significant stock drop is indicative of broader market sentiment turning negative, especially in tech, as shown by the Fear & Greed Index.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
NVIDIA shares dipped 4.1% as part of a broader sell-off in tech stocks, contributing to the S&P 500's decline.
NVIDIA's stock decline is part of a larger trend affecting tech stocks, driven by a shift in market sentiment towards 'Fear'.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Mission Produce's earnings results are anticipated, potentially affecting its stock amid a broader market downturn.
While Mission Produce's earnings are awaited, the broader market sentiment may limit its immediate impact.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Matrix Service Company's earnings results are awaited, which could influence its stock price in a challenging market environment.
Matrix Service's earnings report is a potential catalyst, but the current market conditions may dampen its impact.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Investors are awaiting Oracle's earnings results, which could impact its stock price amid a volatile market.
Oracle's upcoming earnings report is a key event for investors, but the current market sentiment may overshadow its impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60