Market Volatility Falls Further Following Powell's Testimony; S&P 500 Records Gains
Portfolio Pulse from Lisa Levin
The S&P 500 and Nasdaq 100 recorded gains following Federal Reserve Chair Jerome Powell's testimony, while the CBOE Volatility Index (VIX) fell 2.2%. Powell reiterated the possibility of two more interest rate hikes if the economy performs as expected. Apple Inc (AAPL) and Amazon.com, Inc. (AMZN) shares contributed to the Nasdaq 100's rise.
June 23, 2023 | 9:45 am
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Apple Inc's (AAPL) shares contributed to the Nasdaq 100's rise following Jerome Powell's testimony.
Jerome Powell's testimony led to a positive market sentiment, which in turn boosted the Nasdaq 100. Apple, being a major component of the index, saw its shares rise as a result.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Amazon.com, Inc.'s (AMZN) shares contributed to the Nasdaq 100's rise following Jerome Powell's testimony.
Jerome Powell's testimony led to a positive market sentiment, which in turn boosted the Nasdaq 100. Amazon, being a major component of the index, saw its shares rise as a result.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50