Market Volatility Increases; S&P 500 Settles Slightly Higher
Portfolio Pulse from Lisa Levin
The S&P 500 settled slightly higher on Monday, helped by strength in bank stocks. The S&P 500 banks index gained around 1.5%, with shares of Wells Fargo & Company (WFC) gaining 1.7% and Citigroup Inc. (C) adding 1.5%. The Nasdaq recorded its strongest first-half performance in 40 years, adding over 31% during the period. The Nasdaq 100 gained 0.19% to close at 15,208.69 on Monday, amid gains in shares of Tesla Inc (TSLA) and NVIDIA Corp (NVDA). The CBOE Volatility Index (VIX) rose 0.8% to close at 13.70 on Monday.
July 05, 2023 | 9:36 am
News sentiment analysis
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POSITIVE IMPACT
Citigroup Inc.'s stock added 1.5%.
The news of the S&P 500 banks index gaining around 1.5% and Citigroup's stock adding 1.5% is likely to have a positive impact on the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
NVIDIA Corp's shares gained as the Nasdaq 100 rose 0.19%.
The news of the Nasdaq 100 gaining 0.19% and NVIDIA's shares gaining is likely to have a positive impact on the company's stock in the short term.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Tesla Inc's shares gained as the Nasdaq 100 rose 0.19%.
The news of the Nasdaq 100 gaining 0.19% and Tesla's shares gaining is likely to have a positive impact on the company's stock in the short term.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Wells Fargo & Company's stock gained 1.7%.
The news of the S&P 500 banks index gaining around 1.5% and Wells Fargo's stock gaining 1.7% is likely to have a positive impact on the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80