S&P 500 Records Worst Session In Over A Month, Meta And Microsoft Tumble: Greed Index Moves To 'Fear' Zone
Portfolio Pulse from Avi Kapoor
The S&P 500 and Nasdaq experienced significant declines, with Meta and Microsoft shares tumbling after reporting financial results. The CNN Money Fear and Greed index moved to the 'Fear' zone, indicating a decline in market sentiment. Investors are awaiting earnings from Chevron, Exxon Mobil, and Cardinal Health.
November 01, 2024 | 7:07 am
News sentiment analysis
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NEGATIVE IMPACT
Meta Platforms' shares fell 4% after reporting third-quarter financial results, contributing to the overall market decline.
Meta's significant share price drop of 4% following its earnings report indicates investor disappointment, contributing to the broader market decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Microsoft shares fell 6% after reporting first-quarter financial results, marking a significant impact on the tech sector.
Microsoft's 6% share price decline post-earnings reflects negative investor sentiment, significantly affecting the tech sector and contributing to the Nasdaq's drop.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Cardinal Health's earnings results are anticipated by investors, which could impact its stock performance.
Cardinal Health's upcoming earnings report is being closely monitored by investors, with potential implications for its stock price.
CONFIDENCE 75
IMPORTANCE 55
RELEVANCE 50
NEUTRAL IMPACT
Investors are awaiting Chevron's earnings results, which could influence market sentiment in the energy sector.
Chevron's upcoming earnings report is anticipated by investors, potentially impacting the energy sector's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Exxon Mobil's earnings results are awaited by investors, potentially affecting the energy sector's market performance.
Exxon Mobil's earnings report is expected to influence investor sentiment in the energy sector, though the impact is yet to be determined.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50