Market Volatility Increases Sharply Ahead Of Nonfarm Payrolls Data; S&P 500 Settles Lower
Portfolio Pulse from Lisa Levin
The S&P 500 and Dow Jones recorded their biggest daily percentage declines since May, following the release of latest jobs data. Private businesses in the U.S. added 497,000 jobs in June, higher than market estimates. Costco Wholesale Corporation reported a 1.4% drop in total comparable sales for June, while its net sales rose 0.4% year-over-year. The Nasdaq 100 dipped 0.75% amid losses in shares of Tesla Inc and Amazon.com, Inc.
July 07, 2023 | 10:01 am
News sentiment analysis
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NEGATIVE IMPACT
Shares of Amazon dipped amid a broader market decline.
The broader market decline could negatively impact Amazon's stock in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Costco reported a 1.4% drop in total comparable sales for June, while its net sales rose 0.4% year-over-year.
The drop in comparable sales could negatively impact Costco's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Shares of Tesla dipped amid a broader market decline.
The broader market decline could negatively impact Tesla's stock in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50