Market Volatility Rises Sharply; S&P 500 Records Gain
Portfolio Pulse from Lisa Levin
The S&P 500 and Nasdaq reached their highest levels since April 2022, with investors awaiting inflation data and the Fed's interest rate decision. Nasdaq, Inc. shares dropped 12% after announcing the acquisition of Adenza, while Broadcom Inc. shares gained 6% on reports of EU approval for its VMware acquisition. The Nasdaq 100 rose 1.76% amid gains in Amazon and Tesla shares.
June 13, 2023 | 9:30 am
News sentiment analysis
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POSITIVE IMPACT
Amazon.com, Inc. shares contributed to the Nasdaq 100's 1.76% gain, as the index closed at 14,784.30 on Monday.
Amazon's share price gains contributed to the overall positive performance of the Nasdaq 100, indicating that investors may be optimistic about the company's prospects.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Broadcom Inc. shares gained over 6% on reports that the company is set to receive approval from EU antitrust regulators to acquire VMware for $61 billion.
The reported EU approval for Broadcom's acquisition of VMware is a positive development for the company, as it could lead to potential synergies and growth opportunities, resulting in the share price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Tesla Inc shares also contributed to the Nasdaq 100's 1.76% gain, as the index closed at 14,784.30 on Monday.
Tesla's share price gains contributed to the overall positive performance of the Nasdaq 100, indicating that investors may be optimistic about the company's prospects.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
VMware is set to be acquired by Broadcom Inc. for $61 billion, with EU antitrust regulators reportedly approving the deal.
The reported EU approval for the acquisition of VMware by Broadcom is a positive development for VMware, as it could lead to potential synergies and growth opportunities, resulting in a positive impact on the share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Nasdaq, Inc. shares dropped 12% after announcing the acquisition of Adenza for $10.5 billion in cash and stock.
The acquisition announcement led to a significant drop in Nasdaq, Inc.'s share price, indicating that investors may be concerned about the deal's impact on the company's financials and future growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100