S&P 500 Down Over 1% Ahead Of Fed Minutes; Market Volatility Increases
Portfolio Pulse from Lisa Levin
The S&P 500 dropped over 1% on Tuesday amid concerns over progress in U.S. debt ceiling talks and ahead of the Federal Reserve's release of minutes from its recent meeting. Zoom Video Communications and Lowe's Companies reported better-than-expected Q1 results, while Apple and Tesla shares contributed to the Nasdaq 100's 1.28% decline.
May 24, 2023 | 9:35 am
News sentiment analysis
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NEGATIVE IMPACT
Apple shares contributed to the Nasdaq 100's 1.28% decline on Tuesday.
Apple's stock price may face short-term negative impact due to its contribution to the Nasdaq 100's decline, reflecting investor concerns over the broader market and potential headwinds for the company.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Tesla shares also contributed to the Nasdaq 100's 1.28% decline on Tuesday.
Tesla's stock price may face short-term negative impact due to its contribution to the Nasdaq 100's decline, reflecting investor concerns over the broader market and potential headwinds for the company.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Zoom Video Communications shares dropped 8% despite better-than-expected Q1 results.
Zoom's stock price is likely to be negatively impacted in the short term due to the 8% drop despite strong Q1 results, which may indicate investor concerns over the company's future growth prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Lowe's Companies shares gained 1.7% after reporting better-than-expected Q1 financial results.
Lowe's stock price is likely to experience a short-term positive impact due to the better-than-expected Q1 financial results, which may boost investor confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100