Market Volatility Increases; S&P 500 Snaps 5-Week Winning Streak
Portfolio Pulse from Lisa Levin
The S&P 500 ended lower on Friday, snapping its five-week winning streak, following Fed Chair Powell's comments on further rate hikes. Apogee Enterprises (APOG) shares gained 7% after reporting better-than-expected Q1 results and raising FY24 EPS guidance. The Nasdaq 100 fell 1% due to losses in Microsoft (MSFT) and Tesla (TSLA) shares.
June 26, 2023 | 9:27 am
News sentiment analysis
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NEGATIVE IMPACT
Microsoft (MSFT) shares contributed to the Nasdaq 100's 1% fall on Friday.
Microsoft shares fell on Friday, contributing to the Nasdaq 100's 1% decline. This negative performance may have a short-term negative impact on the stock.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Tesla (TSLA) shares contributed to the Nasdaq 100's 1% fall on Friday.
Tesla shares fell on Friday, contributing to the Nasdaq 100's 1% decline. This negative performance may have a short-term negative impact on the stock.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Apogee Enterprises (APOG) shares gained 7% after reporting better-than-expected Q1 results and raising FY24 EPS guidance.
Apogee Enterprises reported better-than-expected Q1 financial results and raised its FY24 EPS guidance, which led to a 7% increase in its share price. This positive news is likely to have a short-term positive impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100