Market Volatility Falls Sharply Following Jobs Report; S&P 500 Records Weekly Gain
Portfolio Pulse from Lisa Levin
The S&P 500 rose sharply on Friday following May's jobs report, which showed the U.S. economy added 339,000 jobs, significantly higher than market estimates. Investors also cheered a deal to temporarily suspend the U.S. borrowing limit until 2025. Broadcom Inc. shares gained 2.8% after reporting better-than-expected Q2 results and Q3 revenue guidance above estimates.
June 05, 2023 | 9:47 am
News sentiment analysis
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POSITIVE IMPACT
Amazon.com, Inc. shares contributed to the Nasdaq 100's 0.73% surge on Friday.
Amazon's shares contributed to the Nasdaq 100's gains on Friday, indicating a positive short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Broadcom Inc. shares gained 2.8% after reporting better-than-expected Q2 results and Q3 revenue guidance above estimates.
Broadcom's better-than-expected Q2 results and Q3 revenue guidance above estimates indicate strong financial performance, which is likely to positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Tesla Inc shares contributed to the Nasdaq 100's 0.73% surge on Friday.
Tesla's shares contributed to the Nasdaq 100's gains on Friday, indicating a positive short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50