Market Volatility Declines; S&P 500 Settles Lower But Posts Weekly Gain
Portfolio Pulse from Lisa Levin
The S&P 500 closed slightly lower on Friday, but all three major indices recorded strong weekly gains. UnitedHealth Group Incorporated (UNH) shares gained more than 7% after reporting better-than-expected Q2 earnings. JPMorgan Chase & Co. (JPM) shares rose 0.6% following upbeat quarterly earnings, while Wells Fargo & Company (WFC) shares slipped 0.3% despite higher quarterly profit. The Nasdaq 100 slipped 0.04% amid gains in shares of NVIDIA Corp (NVDA) and Adobe Inc (ADBE). The CBOE Volatility Index (VIX) fell 2%.
July 17, 2023 | 9:03 am
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POSITIVE IMPACT
Adobe Inc shares gained amid a slight slip in the Nasdaq 100.
Despite a slight decrease in the Nasdaq 100, Adobe's shares gained, indicating strong performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
JPMorgan Chase & Co. shares rose 0.6% following upbeat quarterly earnings.
The company's positive earnings report has led to a slight increase in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
NVIDIA Corp shares gained amid a slight slip in the Nasdaq 100.
Despite a slight decrease in the Nasdaq 100, NVIDIA's shares gained, indicating strong performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
UnitedHealth Group shares gained more than 7% after reporting better-than-expected Q2 earnings.
The company's better-than-expected earnings report has led to a surge in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Wells Fargo & Company shares slipped 0.3% despite reporting higher quarterly profit.
Despite reporting higher profit, the company's shares slipped, indicating other factors at play affecting the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100