Market Volatility Decreases; S&P 500 Settles Lower
Portfolio Pulse from Lisa Levin
The S&P 500 settled lower on Friday due to a decline in Microsoft shares, while NVIDIA shares edged higher after Morgan Stanley raised its price target. The Nasdaq 100 fell 0.67% despite gains in Apple and Amazon shares. The CBOE Volatility Index (VIX) fell 2.8% to close at 14.09.
June 20, 2023 | 9:55 am
News sentiment analysis
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NEGATIVE IMPACT
Microsoft shares declined, contributing to the S&P 500 settling lower on Friday.
Microsoft's share decline directly contributed to the S&P 500 settling lower, indicating a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Apple shares gained, despite the Nasdaq 100 falling 0.67% on Friday.
Apple's share gains amid a falling Nasdaq 100 indicate resilience and potential for short-term positive movement in the stock.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Amazon shares also gained, despite the Nasdaq 100 falling 0.67% on Friday.
Amazon's share gains amid a falling Nasdaq 100 indicate resilience and potential for short-term positive movement in the stock.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
NVIDIA shares edged higher after Morgan Stanley raised its price target on the stock from $450 to $500.
Morgan Stanley's price target increase for NVIDIA is a positive signal for the stock, likely leading to a short-term upward movement in its price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80