Market Volatility Increases Ahead Of Inflation Reports; S&P 500 Settles Higher
Portfolio Pulse from Lisa Levin
The S&P 500 settled higher on Monday after a 1.2% loss last week due to the addition of 209,000 jobs in June. Icahn Enterprises L.P. (NASDAQ:IEP) shares gained over 20% after Carl Icahn amended loan agreements. Big banks such as JPMorgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C), and Wells Fargo & Company (NYSE:WFC) will release earnings on Friday. The Nasdaq 100 rose 0.06% despite losses in shares of Adobe Inc (NASDAQ:ADBE) and Airbnb Inc (NASDAQ:ABNB). The CBOE Volatility Index (VIX) rose 1.6%.
July 11, 2023 | 9:46 am
News sentiment analysis
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NEGATIVE IMPACT
Airbnb Inc shares experienced losses.
The losses in Airbnb's shares indicate negative investor sentiment, which could potentially lead to a further decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Adobe Inc shares experienced losses.
The losses in Adobe's shares indicate negative investor sentiment, which could potentially lead to a further decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Citigroup Inc. will release earnings on Friday.
The upcoming earnings release could potentially impact the company's stock price, but the direction of the impact is uncertain until the earnings are released.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
JPMorgan Chase & Co. will release earnings on Friday.
The upcoming earnings release could potentially impact the company's stock price, but the direction of the impact is uncertain until the earnings are released.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Wells Fargo & Company will release earnings on Friday.
The upcoming earnings release could potentially impact the company's stock price, but the direction of the impact is uncertain until the earnings are released.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Icahn Enterprises shares gained over 20% after Carl Icahn amended loan agreements.
The amendment of loan agreements by Carl Icahn has led to a surge in the company's shares, indicating positive investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100