Market Volatility Decreases Following Nonfarm Payrolls Report; S&P 500 Closes Lower
Portfolio Pulse from Lisa Levin
The S&P 500 and Nasdaq 100 closed lower on Friday, with the S&P 500 dropping around 1.2% for the week. The U.S. economy added 209,000 jobs in June, the lowest reading since Dec. 2020. Alibaba shares gained 8% after China ended its regulatory overhaul on Ant Group. Microsoft and Tesla shares fell, contributing to the Nasdaq's decline. The CBOE Volatility Index fell 4%.
July 10, 2023 | 9:37 am
News sentiment analysis
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NEGATIVE IMPACT
Microsoft shares fell, contributing to the Nasdaq's decline.
The decline in Microsoft's share price had a negative impact on the Nasdaq.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Tesla shares fell, contributing to the Nasdaq's decline.
The decline in Tesla's share price had a negative impact on the Nasdaq.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Alibaba shares gained 8% after China ended its regulatory overhaul on Ant Group.
The end of the regulatory overhaul on Ant Group is positive news for Alibaba, leading to an increase in its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100