Market Volatility Increases Ahead Of Fed Decision; S&P 500 Settles Higher
Portfolio Pulse from Lisa Levin
The S&P 500 and Dow Jones closed higher on Monday, with the latter recording its longest winning streak in six years. Investors are awaiting earnings reports from Microsoft, Alphabet, and Meta Platforms. The Fed is expected to increase interest rates by 25 basis points. Chevron Corporation's shares rose around 2% due to strong preliminary quarterly earnings, while AMC Entertainment Holdings' shares jumped 33% after a court rejected its plan to convert preferred shares to common units and implement a stock split. The Nasdaq 100 gained 0.14% due to gains in shares of Tesla Inc and NVIDIA Corp.
July 25, 2023 | 9:48 am
News sentiment analysis
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POSITIVE IMPACT
AMC Entertainment Holdings' shares jumped 33% after a court rejected its plan to convert preferred shares to common units and implement a stock split.
The court's rejection of AMC's plan has led to a significant increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Chevron Corporation's shares rose around 2% due to strong preliminary quarterly earnings.
Chevron's strong preliminary quarterly earnings have positively impacted its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The Nasdaq 100 gained due to gains in shares of NVIDIA Corp.
The rise in NVIDIA's stock price has contributed to the gain in the Nasdaq 100.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The Nasdaq 100 gained due to gains in shares of Tesla Inc.
The rise in Tesla's stock price has contributed to the gain in the Nasdaq 100.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Investors are awaiting Alphabet's earnings report.
The anticipation of Alphabet's earnings report could cause some volatility in its stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Investors are awaiting Meta Platforms' earnings report.
The anticipation of Meta Platforms' earnings report could cause some volatility in its stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Investors are awaiting Microsoft's earnings report.
The anticipation of Microsoft's earnings report could cause some volatility in its stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50