Nasdaq Tumbles Over 100 Points Ahead Of Big Tech Earnings: Fear & Greed Index Remains In 'Greed' Zone
Portfolio Pulse from Avi Kapoor
The Nasdaq Composite fell over 100 points as investors await earnings from major tech companies. Eli Lilly reported disappointing earnings, while Meta and Microsoft posted better-than-expected results. The Fear & Greed Index remains in the 'Greed' zone.
October 31, 2024 | 10:22 am
News sentiment analysis
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POSITIVE IMPACT
Meta Platforms reported better-than-expected Q3 financial results, which could positively impact its stock.
Meta's better-than-expected earnings are likely to positively influence its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Microsoft reported strong Q1 financial results, likely leading to a positive impact on its stock.
Microsoft's strong earnings report is a positive indicator for its stock, suggesting potential short-term gains.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90
NEUTRAL IMPACT
Apple's earnings results are awaited by investors, with potential implications for its stock price.
Apple's upcoming earnings report is a key event that could influence its stock price, depending on the results.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Investors are awaiting Amazon's earnings results, which could significantly impact its stock price.
Amazon's upcoming earnings report is highly anticipated and could lead to significant stock movement depending on the results.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Investors are looking forward to Uber's earnings results, which could affect its stock price.
Uber's upcoming earnings report is anticipated by investors and could lead to stock price changes based on the results.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Eli Lilly reported worse-than-expected Q3 earnings and lowered 2024 guidance, likely impacting its stock negatively.
Eli Lilly's disappointing earnings and lowered guidance are significant negative factors that could lead to a short-term decline in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90