Dow Records Worst Session In Over A Month, Apple, Nvidia Drag Nasdaq Down: Fear Index Remains In 'Greed' Zone
Portfolio Pulse from Avi Kapoor
U.S. stocks fell on Wednesday, with the Dow Jones experiencing its worst session in over a month. Apple and Nvidia dragged the Nasdaq down, while McDonald's shares dropped due to an E. coli outbreak. AT&T reported strong earnings, and Boeing posted a loss. The Fear & Greed Index remained in the 'Greed' zone.
October 24, 2024 | 6:30 am
News sentiment analysis
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NEGATIVE IMPACT
Apple's stock fell over 2% on Wednesday, contributing to the Nasdaq's decline.
Apple's significant drop in stock price contributed to the overall decline in the Nasdaq, indicating a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Boeing reported a loss for the third quarter.
Boeing's reported loss for the third quarter is likely to negatively impact its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
McDonald's shares fell over 5% due to an E. coli outbreak linked to its quarter pounders.
The E. coli outbreak linked to McDonald's products led to a significant drop in its stock price, indicating a negative short-term impact.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Nvidia's stock fell over 2%, affecting the Nasdaq's performance.
Nvidia's stock decline was a key factor in the Nasdaq's drop, suggesting a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
AT&T reported better-than-expected earnings for the third quarter.
AT&T's strong earnings report is likely to have a positive short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70