Market Volatility Drops Sharply Following Debt Deal Optimism; Jobs Report In Focus
Portfolio Pulse from Lisa Levin
The S&P 500 reached its highest level since August 2022 following the House passage of a debt limit bill. Market volatility dropped as investors await May's jobs report. C3.ai shares fell despite positive Q4 results, while Meta Platforms shares gained after announcing Meta Quest 3. The Nasdaq 100 surged, driven by gains in Amazon and Apple stocks.
June 02, 2023 | 9:46 am
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POSITIVE IMPACT
Apple shares also contributed to the Nasdaq 100's 1.31% surge, closing at 14,441.51.
Apple's stock price gains contributed to the overall surge in the Nasdaq 100, indicating positive sentiment for the company. This could lead to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Amazon shares contributed to the Nasdaq 100's 1.31% surge, closing at 14,441.51.
Amazon's stock price gains contributed to the overall surge in the Nasdaq 100, indicating positive sentiment for the company. This could lead to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Meta Platforms shares gained 3% after CEO Mark Zuckerberg announced the launch of Meta Quest 3.
The announcement of Meta Quest 3 by CEO Mark Zuckerberg has generated positive sentiment for Meta Platforms, leading to a 3% gain in share price. This new product launch could drive further growth in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
C3.ai shares dropped over 13% despite reporting better-than-expected Q4 financial results and issuing relatively in-line guidance.
C3.ai's stock price dropped despite positive financial results, indicating that investors may have had higher expectations or are reacting to other factors. This could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100