Market Volatility Increases After Fed Minutes; S&P 500 Settles Lower
Portfolio Pulse from Lisa Levin
The S&P 500 settled lower following the release of the U.S. Federal Reserve's recent meeting minutes. U.S. factory orders rose less than expected, and the Philadelphia SE Semiconductor Index fell, with Intel Corporation shares losing over 3%. Meta Platforms shares gained in anticipation of the launch of its Threads platform. The Nasdaq 100 slipped slightly, with minor declines in shares of Apple Inc and NVIDIA Corp. The CBOE Volatility Index rose 3.5%.
July 06, 2023 | 9:58 am
News sentiment analysis
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NEGATIVE IMPACT
Apple Inc shares saw a slight decline on Wednesday.
The slight decline in Apple's shares is likely due to the overall negative sentiment in the market following the release of the Fed's minutes.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Intel Corporation shares lost over 3% on Wednesday.
The decline in Intel's shares is likely due to the overall negative sentiment in the market following the release of the Fed's minutes.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
NVIDIA Corp shares saw a slight decline on Wednesday.
The slight decline in NVIDIA's shares is likely due to the overall negative sentiment in the market following the release of the Fed's minutes.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Meta Platforms shares gained 2.9% on Wednesday in anticipation of the launch of its Threads platform.
The gain in Meta Platforms' shares is likely due to investor anticipation of the launch of its Threads platform.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100