Market Volatility Drops To Record Lows Ahead Of Fed Decision; S&P 500 Settles Higher
Portfolio Pulse from Lisa Levin
The S&P 500 settled higher on Thursday, with tech stocks recovering ahead of key inflation data and the Fed's policy meeting next week. GameStop shares dropped 18% after reporting worse-than-expected Q1 results and a change in executive leadership. The Nasdaq 100 rose 1.27%, driven by gains in Amazon and Tesla shares.
June 09, 2023 | 10:20 am
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GameStop shares dropped 18% after reporting worse-than-expected Q1 results and naming Ryan Cohen as executive chairman, terminating its former CEO.
GameStop's poor Q1 results and the change in executive leadership directly impacted the company's stock price, causing it to drop 18%.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Amazon shares contributed to the Nasdaq 100's 1.27% gain, as the index closed at 14,484.54 on Thursday.
Amazon's stock gains contributed to the overall rise in the Nasdaq 100 index, indicating a positive short-term impact on the company's stock price.
CONFIDENCE 100
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Tesla shares also contributed to the Nasdaq 100's 1.27% gain, as the index closed at 14,484.54 on Thursday.
Tesla's stock gains contributed to the overall rise in the Nasdaq 100 index, indicating a positive short-term impact on the company's stock price.
CONFIDENCE 100
IMPORTANCE 75
RELEVANCE 100