Market Volatility Drops Ahead Of Inflation Data; S&P 500 Settles Slightly Higher
Portfolio Pulse from Lisa Levin
The S&P 500 settled higher on Monday, with financial and consumer discretionary stocks recording the biggest gains. Apple shares fell 0.2%, while THOR Industries shares jumped over 17% after reporting better-than-expected Q3 results. The Nasdaq 100 rose 0.01%, with gains in Amazon and Tesla shares. The CBOE Volatility Index fell 3.7%.
June 07, 2023 | 10:19 am
News sentiment analysis
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POSITIVE IMPACT
Amazon shares contributed to the Nasdaq 100's 0.01% rise on Tuesday.
Amazon shares contributed to the Nasdaq 100's 0.01% rise on Tuesday, indicating a positive sentiment for the stock. However, the overall market movement is relatively small, so the impact on Amazon's stock price may be limited in the short term.
CONFIDENCE 85
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
THOR Industries shares jumped over 17% after reporting better-than-expected Q3 results and raising its FY23 EPS guidance.
THOR Industries shares jumped over 17% after reporting better-than-expected Q3 results and raising its FY23 EPS guidance. This indicates strong performance and positive outlook for the company, which is likely to attract more investors and drive the stock price up.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Tesla shares also contributed to the Nasdaq 100's 0.01% rise on Tuesday.
Tesla shares contributed to the Nasdaq 100's 0.01% rise on Tuesday, indicating a positive sentiment for the stock. However, the overall market movement is relatively small, so the impact on Tesla's stock price may be limited in the short term.
CONFIDENCE 85
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Apple shares fell 0.2% on Tuesday despite the company unveiling a wave of innovative products and features.
Apple shares fell 0.2% despite the company unveiling new products and features. This could be due to investors' concerns about the overall market or other factors affecting the stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80