Market Volatility Declines Ahead Of CPI; S&P 500 Gains
Portfolio Pulse from Lisa Levin
Ahead of key inflation reports and earnings results from major companies, the S&P 500 settled higher on Tuesday. Consumer price data will be released on Wednesday, with producer prices report due on Thursday. Major banks including JPMorgan Chase, Citigroup, and Wells Fargo will release earnings on Friday. Amazon shares gained 1.3% on Tuesday with the start of the company's Prime Day deal event. The Nasdaq 100 rose 0.49% amid gains in shares of Amazon and NVIDIA.
July 12, 2023 | 9:42 am
News sentiment analysis
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NEUTRAL IMPACT
Citigroup is set to release earnings on Friday.
The upcoming earnings release could cause volatility in the stock price, but the direction is uncertain without further information.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
JPMorgan Chase is set to release earnings on Friday.
The upcoming earnings release could cause volatility in the stock price, but the direction is uncertain without further information.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
Wells Fargo is set to release earnings on Friday.
The upcoming earnings release could cause volatility in the stock price, but the direction is uncertain without further information.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Amazon shares gained 1.3% on Tuesday with the start of the company's Prime Day deal event.
The start of Amazon's Prime Day deal event has likely contributed to the 1.3% gain in the company's shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
NVIDIA shares contributed to the 0.49% rise in the Nasdaq 100 on Tuesday.
The rise in NVIDIA shares has contributed to the overall rise in the Nasdaq 100, indicating positive investor sentiment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50