Market Volatility Falls; Fed Decision In Focus
Portfolio Pulse from Lisa Levin
The S&P 500 and Dow Jones closed higher on Tuesday, with the Dow Jones recording gains for the 12th consecutive session. The Fed is expected to announce a policy decision today, with markets predicting a 25 basis point increase in interest rates. Microsoft Corporation and Alphabet Inc. reported better-than-expected earnings, but Microsoft issued a weak sales outlook for the current quarter. The Nasdaq 100 gained 0.73% on Tuesday, with Microsoft and NVIDIA Corp contributing to the gains. The CBOE Volatility Index fell 0.4% to close at 13.86 on Tuesday.
July 26, 2023 | 9:48 am
News sentiment analysis
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NEUTRAL IMPACT
Microsoft reported better-than-expected earnings and sales results for its fourth quarter, but issued a weak sales outlook for the current quarter.
While Microsoft's better-than-expected earnings are positive, the weak sales outlook for the current quarter could offset these gains in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Alphabet Inc. reported better-than-expected second-quarter results.
Alphabet's better-than-expected earnings are likely to have a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
NVIDIA Corp contributed to the gains in the Nasdaq 100, which closed 0.73% higher on Tuesday.
NVIDIA's contribution to the Nasdaq 100's gains suggests positive market sentiment towards the company, which could have a positive impact on its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80