Market Volatility Increases; S&P 500 Records Gains
Portfolio Pulse from Lisa Levin
The S&P 500 and Nasdaq recorded gains on Friday, with Apple Inc. reaching a $3 trillion market capitalization for the first time. The Nasdaq had its strongest first-half performance in 40 years, while the S&P 500 jumped 8.3% for the quarter. Carnival Corporation shares gained 9.7% after Jefferies upgraded the stock from Hold to Buy and raised the price target from $9 to $25. The CBOE Volatility Index rose 0.4% to close at 13.59 on Friday.
July 03, 2023 | 9:54 am
News sentiment analysis
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POSITIVE IMPACT
Apple Inc. reached a $3 trillion market capitalization for the first time.
Apple's market capitalization reaching $3 trillion is a significant milestone that reflects the company's strong performance and investor confidence. This could potentially drive the stock price up in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Carnival Corporation shares gained 9.7% after Jefferies upgraded the stock from Hold to Buy and raised the price target from $9 to $25.
Jefferies' upgrade of Carnival Corporation from Hold to Buy and the increase in price target from $9 to $25 indicates a positive outlook for the company. This could potentially drive the stock price up in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
The Nasdaq 100 jumped 1.60% amid gains in shares of NVIDIA Corp.
The increase in the Nasdaq 100, driven in part by gains in NVIDIA Corp shares, indicates a positive market sentiment towards the company. This could potentially drive the stock price up in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100