S&P 500 Records Best Weekly Performance Since March; Market Volatility Increases
Portfolio Pulse from Lisa Levin
The S&P 500 recorded its best weekly performance since March despite settling lower on Friday. Deere & Company reported better-than-expected Q2 results and issued guidance, while Foot Locker reported worse-than-expected Q1 results and lowered its FY23 guidance. The Nasdaq 100 fell 0.22% with gains in Amazon and NVIDIA shares.
May 22, 2023 | 9:48 am
News sentiment analysis
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NEGATIVE IMPACT
Foot Locker reported worse-than-expected Q1 results and lowered its FY23 guidance.
Foot Locker's worse-than-expected Q1 results and lowered FY23 guidance signal weak performance, which is likely to have a negative impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Amazon shares gained as the Nasdaq 100 fell 0.22%.
Amazon's share gains amid the Nasdaq 100 decline indicate a positive sentiment towards the company, which could lead to a short-term increase in its stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Deere & Company reported better-than-expected Q2 financial results and issued guidance.
Deere & Company's better-than-expected Q2 results and guidance indicate strong performance, which is likely to have a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
NVIDIA shares gained as the Nasdaq 100 fell 0.22%.
NVIDIA's share gains amid the Nasdaq 100 decline indicate a positive sentiment towards the company, which could lead to a short-term increase in its stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60