Market Volatility Increases After Earnings Reports; S&P 500 Closes Higher
Portfolio Pulse from Lisa Levin
The S&P 500 closed higher on Wednesday, with shares of Goldman Sachs gaining around 1% after releasing Q2 results. Tesla reported better-than-expected earnings and sales for Q2, but operating margin narrowed. Netflix reported upbeat Q2 earnings, but sales missed expectations. The Dow recorded gains for the eight straight session. The Nasdaq 100 slipped 0.1% amid decline in shares of Tesla and Microsoft.
July 20, 2023 | 9:43 am
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POSITIVE IMPACT
Goldman Sachs shares gained around 1% after releasing Q2 results.
The positive Q2 results led to a rise in Goldman Sachs' share price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Netflix reported upbeat Q2 earnings, but sales missed expectations.
Netflix's Q2 earnings were positive, but the missed sales expectations could impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Tesla reported better-than-expected earnings and sales for Q2, but operating margin narrowed.
While Tesla's earnings and sales beat expectations, the narrowing operating margin could be a concern for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
The Nasdaq 100 slipped 0.1% amid decline in shares of Microsoft.
The decline in Microsoft's share price contributed to the slip in the Nasdaq 100.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80