S&P 500 Rises For Second Straight Session; Market Volatility Falls
Portfolio Pulse from Lisa Levin
The S&P 500 rose for a second consecutive session on hopes of a debt ceiling resolution and positive economic data. Walmart and Alibaba reported better-than-expected earnings, while Amazon and Apple shares gained. The CBOE Volatility Index fell 4.9%.
May 19, 2023 | 10:08 am
News sentiment analysis
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POSITIVE IMPACT
Apple shares gained as the Nasdaq 100 jumped 1.81%.
Apple's share price is likely to benefit from the overall positive market sentiment and the Nasdaq 100's gains, driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Amazon shares gained as the Nasdaq 100 jumped 1.81%.
Amazon's share price is likely to benefit from the overall positive market sentiment and the Nasdaq 100's gains, driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Alibaba reported upbeat earnings for its fourth quarter.
Alibaba's strong Q4 earnings signal a positive financial performance, which is likely to attract investors and push the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Walmart reported better-than-expected Q1 results and raised its full-year forecast.
Walmart's strong Q1 results and raised full-year forecast indicate a positive outlook for the company, which is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100