Market Volatility Increases Sharply Following GDP Data; S&P 500 Settles Lower
Portfolio Pulse from Lisa Levin
The S&P 500 and Dow Jones closed lower on Thursday, with the S&P 500 experiencing increased volatility following the release of faster-than-expected GDP data. eBay and Southwest Airlines shares fell after reporting Q2 results, while Microsoft and Tesla also contributed to the Nasdaq 100's decline. The CBOE Volatility Index rose 9.3%.
July 28, 2023 | 9:55 am
News sentiment analysis
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NEGATIVE IMPACT
eBay shares fell 10.5% after reporting a 2% decline in Gross Merchandise Volume in Q2.
eBay's stock price fell significantly due to disappointing Q2 results, indicating a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Southwest Airlines shares fell around 9% following mixed Q2 results.
Southwest Airlines' stock price fell due to mixed Q2 results, indicating a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Microsoft shares contributed to the Nasdaq 100's decline.
Microsoft's stock price fell, contributing to the overall decline of the Nasdaq 100, indicating a negative short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Tesla shares contributed to the Nasdaq 100's decline.
Tesla's stock price fell, contributing to the overall decline of the Nasdaq 100, indicating a negative short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80