Market Volatility Rises Ahead Of Big Earnings; S&P 500 Settles Higher
Portfolio Pulse from Lisa Levin
U.S. stocks closed mostly higher on Monday, ending July on upbeat quarterly earnings. The S&P 500 added 3.1% for the month. SoFi Technologies shares jumped 20% after reporting better-than-expected Q2 results and raising FY23 net revenue guidance. Amazon and Apple are set to release earnings reports this week. The Nasdaq 100 rose 0.04% amid gains in shares of Amazon and Advanced Micro Devices. The CBOE Volatility Index rose 2.3%.
August 01, 2023 | 9:31 am
News sentiment analysis
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POSITIVE IMPACT
Apple is scheduled to release its earnings report this week.
The anticipation of Apple's earnings report could potentially drive its stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Shares of Advanced Micro Devices contributed to the rise of the Nasdaq 100.
The rise of AMD's shares and their contribution to the rise of the Nasdaq 100 could potentially drive its stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Amazon is set to release its earnings report this week. The company's shares contributed to the rise of the Nasdaq 100.
The anticipation of Amazon's earnings report and its contribution to the rise of the Nasdaq 100 could potentially drive its stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
SoFi Technologies shares jumped 20% after reporting better-than-expected Q2 results and raising FY23 net revenue guidance.
SoFi's better-than-expected Q2 results and raised FY23 revenue guidance are positive signals that could attract more investors, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100