Market Volatility Increases After PPI Data; S&P 500 Settles Higher
Portfolio Pulse from Lisa Levin
US stocks extended gains with the Nasdaq gaining over 1% for a second session. Producer prices for final demand in the US rose 0.1% month-over-month in June, lower than market expectations. Initial jobless claims declined to 237,000. JPMorgan Chase, Citigroup, and Wells Fargo are set to release earnings. PepsiCo shares gained 2.4% after increasing its annual revenue and profit guidance. The Nasdaq 100 rose 1.73% amid gains in shares of Amazon and Alphabet. The S&P 500 rose 0.85%, while the Dow Jones gained 0.14%. The CBOE Volatility Index rose 0.5%.
July 14, 2023 | 10:07 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Citigroup is set to release earnings.
The upcoming earnings release could impact the stock price, but the direction is uncertain without more information.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
JPMorgan Chase is set to release earnings.
The upcoming earnings release could impact the stock price, but the direction is uncertain without more information.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
Wells Fargo is set to release earnings.
The upcoming earnings release could impact the stock price, but the direction is uncertain without more information.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Amazon shares gained as the Nasdaq 100 rose 1.73%.
The rise in the Nasdaq 100, which Amazon is a part of, likely contributed to the increase in Amazon's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Alphabet shares gained as the Nasdaq 100 rose 1.73%.
The rise in the Nasdaq 100, which Alphabet is a part of, likely contributed to the increase in Alphabet's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
PepsiCo shares gained 2.4% after increasing its annual revenue and profit guidance.
The increase in annual revenue and profit guidance is a positive signal for investors, which likely led to the increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100