Market Volatility Drops; S&P 500 Settles Higher Following Economic Reports
Portfolio Pulse from Lisa Levin
The S&P 500 settled higher on Tuesday, with sales of new single-family houses in the U.S. surging 12.2% month-over-month and U.S. durable goods orders rising 1.7% month-over-month in May. Traders are predicting a 77% chance of a Federal Reserve interest rate increase in July. Meta Platforms, Inc. (NASDAQ:META) shares gained over 3% after Citigroup raised its price target on the stock. The Nasdaq 100 jumped 1.75% amid gains in shares of NVIDIA Corp (NASDAQ:NVDA) and Tesla Inc (NASDAQ:TSLA). The CBOE Volatility Index (VIX) fell 3.6%.
June 28, 2023 | 9:40 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Meta Platforms, Inc. shares gained over 3% after Citigroup raised its price target on the stock.
The increase in Meta Platforms, Inc.'s share price is likely due to Citigroup's raised price target, indicating increased investor confidence in the company.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
NVIDIA Corp shares saw gains, contributing to a 1.75% jump in the Nasdaq 100.
The rise in NVIDIA Corp's share price likely contributed to the overall increase in the Nasdaq 100, indicating positive investor sentiment towards the company.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Tesla Inc shares also saw gains, contributing to the Nasdaq 100's increase.
The rise in Tesla Inc's share price likely contributed to the overall increase in the Nasdaq 100, indicating positive investor sentiment towards the company.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70