CBOE Volatility Index Drops Sharply After CPI Report; Nasdaq Gains Over 1%
Portfolio Pulse from Lisa Levin
US stocks settled higher on Wednesday, with the Nasdaq surging over 1% due to easing inflation rates. Big banks such as JPMorgan Chase & Co., Citigroup Inc., and Wells Fargo & Company are set to release earnings on Friday. Vmware, Inc shares gained 2.8% after Broadcom Inc won approval to acquire it. The Nasdaq 100 rose 1.24% amid gains in shares of Amazon.com, Inc. and Microsoft Corp. The CBOE Volatility Index fell 8.8%.
July 13, 2023 | 10:00 am
News sentiment analysis
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NEUTRAL IMPACT
Citigroup Inc. is set to release earnings on Friday.
The upcoming earnings release could cause volatility in the stock price, but the direction is uncertain without more information.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
JPMorgan Chase & Co. is set to release earnings on Friday.
The upcoming earnings release could cause volatility in the stock price, but the direction is uncertain without more information.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
Wells Fargo & Company is set to release earnings on Friday.
The upcoming earnings release could cause volatility in the stock price, but the direction is uncertain without more information.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Amazon.com, Inc. shares gained as the Nasdaq 100 rose 1.24%.
The rise in the Nasdaq 100, which Amazon is a part of, indicates a positive sentiment towards tech stocks, including Amazon.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Microsoft Corp shares gained as the Nasdaq 100 rose 1.24%.
The rise in the Nasdaq 100, which Microsoft is a part of, indicates a positive sentiment towards tech stocks, including Microsoft.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Vmware, Inc shares gained 2.8% after Broadcom Inc won approval to acquire it.
The approval of the acquisition by Broadcom is a positive development for Vmware, which is reflected in the stock's gain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100