Market Volatility Drops Ahead Of Fed's Decision; S&P 500 Settles Higher
Portfolio Pulse from Lisa Levin
The S&P 500 closed higher on Tuesday as consumer price inflation eased to 4.0% in May. Investors await the Fed's interest rate decision on Wednesday. Intel shares rose 2.5% on reports of potential investment in Arm's IPO. The Nasdaq 100 rose 0.79% with gains in NVIDIA and Tesla shares.
June 14, 2023 | 9:50 am
News sentiment analysis
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POSITIVE IMPACT
Intel shares rose 2.5% on reports of potential investment in Arm's IPO.
Intel's potential investment in Arm's IPO could strengthen its position in the semiconductor industry, leading to a positive short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
NVIDIA shares contributed to the Nasdaq 100's 0.79% gain on Tuesday.
NVIDIA's stock price increase contributed to the overall gain in the Nasdaq 100, indicating a positive short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50
POSITIVE IMPACT
Tesla shares also contributed to the Nasdaq 100's 0.79% gain on Tuesday.
Tesla's stock price increase contributed to the overall gain in the Nasdaq 100, indicating a positive short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50