TSMC, Strong Economic Data Push Dow To Fresh Record High: Investor Sentiment Improves, Fear Index Remains In 'Greed' Zone
Portfolio Pulse from Avi Kapoor
The Dow Jones reached a new record high, driven by strong economic data and a significant rise in TSMC shares. The Fear & Greed Index remains in the 'Greed' zone, indicating positive market sentiment. Investors are anticipating earnings from American Express, Procter & Gamble, and Schlumberger.
October 18, 2024 | 7:54 am
News sentiment analysis
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NEUTRAL IMPACT
Investors are awaiting American Express's earnings results, which could impact its stock price.
The anticipation of AXP's earnings results suggests potential volatility in its stock price, depending on the outcome.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
Procter & Gamble's upcoming earnings report is highly anticipated by investors.
PG's earnings report could influence its stock price, with investors closely monitoring the results.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
Schlumberger's earnings results are awaited by investors, potentially affecting its stock price.
The anticipation of SLB's earnings results suggests potential stock price movement, contingent on the financial performance disclosed.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
TSMC shares surged 9.8% after reporting better-than-expected Q3 earnings and strong Q4 guidance.
TSMC's strong earnings report and positive guidance led to a significant increase in its stock price, indicating investor confidence and potential for further gains.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100