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
News sentiment analysis
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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
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