Market Volatility Falls Ahead Of Fed Meeting; S&P 500 Edges Higher
Portfolio Pulse from Lisa Levin
The S&P 500 and Dow Jones recorded slight gains on Friday, while the Nasdaq 100 also rose by 0.20%. Schlumberger Limited reported worse-than-expected Q2 revenue results, causing its shares to fall by 2.2%. American Express Company reported better-than-expected Q2 earnings and reaffirmed its FY23 outlook. The Fed is expected to increase interest rates by 25 basis points this week. The CBOE Volatility Index fell by 3.5%.
July 24, 2023 | 10:45 am
News sentiment analysis
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NEGATIVE IMPACT
The Nasdaq 100 gained 0.20% amid losses in shares of Airbnb Inc.
Despite the overall gain in the Nasdaq 100, shares of Airbnb fell.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The Nasdaq 100 gained 0.20% amid losses in shares of Advanced Micro Devices, Inc.
Despite the overall gain in the Nasdaq 100, shares of Advanced Micro Devices fell.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Schlumberger Limited reported worse-than-expected Q2 revenue results, causing its shares to fall by 2.2%.
Schlumberger's worse-than-expected Q2 results have negatively impacted its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
American Express Company reported better-than-expected Q2 earnings and reaffirmed its FY23 outlook.
American Express's better-than-expected Q2 earnings and reaffirmed FY23 outlook have positively impacted its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100