Market Volatility Decreases Following Powell Comments; S&P 500 Settles Slightly Lower
Portfolio Pulse from Lisa Levin
The S&P 500 settled slightly lower following comments from Fed Chair Jerome Powell about additional interest rate hikes. NVIDIA shares fell after a report that the U.S. government is considering semiconductor export limits to China. Netflix shares rose 3% after Oppenheimer maintained an Outperform rating and raised its price target. The Nasdaq 100 rose 0.12% amid gains in Microsoft and Apple shares. The CBOE Volatility Index fell 2.3%.
June 29, 2023 | 9:26 am
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POSITIVE IMPACT
Apple shares rose, contributing to the 0.12% increase in the Nasdaq 100.
The rise in Apple's stock price contributed to the overall increase in the Nasdaq 100 index.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Microsoft shares rose, contributing to the 0.12% increase in the Nasdaq 100.
The rise in Microsoft's stock price contributed to the overall increase in the Nasdaq 100 index.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Netflix shares rose 3% after Oppenheimer maintained an Outperform rating and raised its price target.
The positive rating and increased price target from Oppenheimer likely boosted investor confidence, leading to an increase in Netflix's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
NVIDIA shares fell after a report that the U.S. government is considering semiconductor export limits to China.
The potential export limits to China could negatively impact NVIDIA's business, leading to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100