Market Volatility Declines Following Strong Bank Earnings; S&P 500 Settles Higher
Portfolio Pulse from Lisa Levin
The S&P 500 closed higher on Tuesday, following strong earnings reports from Bank of America, Morgan Stanley, and Bank of New York Mellon. The Dow also saw gains, settling at its strongest level since April 2022. Major companies including Tesla, Goldman Sachs, and Netflix are scheduled to release earnings. The Nasdaq 100 also gained, with Netflix and Tesla shares contributing to the rise. The CBOE Volatility Index fell 1.3%.
July 19, 2023 | 9:30 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Goldman Sachs is scheduled to release earnings.
The announcement of upcoming earnings releases can cause uncertainty and volatility in a company's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Tesla is scheduled to release earnings.
The announcement of upcoming earnings releases can cause uncertainty and volatility in a company's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Bank of America reported stronger-than-expected quarterly profit.
Strong earnings reports typically have a positive impact on a company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Bank of New York Mellon reported better-than-expected second-quarter financial results.
Strong earnings reports typically have a positive impact on a company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Morgan Stanley topped market expectations.
Strong earnings reports typically have a positive impact on a company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Netflix is scheduled to release earnings and its shares contributed to the rise of the Nasdaq 100.
The announcement of upcoming earnings releases can cause uncertainty and volatility in a company's stock price. However, the rise in Netflix's shares suggests positive market sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80