Market Volatility Rises Sharply Following Earnings, Economic Data
Portfolio Pulse from Lisa Levin
The S&P 500 closed lower on Tuesday, with the Nasdaq 100 and Dow Jones also experiencing changes. Caterpillar Inc shares gained 8.9% after better-than-expected Q2 results, while Uber Technologies shares fell 5.7% due to worse-than-expected Q2 revenue and Q3 guidance. JetBlue Airways shares also fell 8.3% after weak Q3 guidance. The ISM Manufacturing PMI in the US rose to 46.4 in July. Amazon.com and Tesla Inc shares also fell, contributing to the Nasdaq 100's 0.25% drop.
August 04, 2023 | 10:45 am
News sentiment analysis
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POSITIVE IMPACT
Caterpillar Inc shares gained 8.9% after better-than-expected Q2 results.
Caterpillar Inc's better-than-expected Q2 results led to a significant increase in its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Amazon.com shares fell, contributing to the Nasdaq 100's 0.25% drop.
The fall in Amazon.com shares contributed to the overall drop in the Nasdaq 100.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
JetBlue Airways shares fell 8.3% after weak Q3 guidance.
JetBlue Airways' weak Q3 guidance led to a decrease in its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Tesla Inc shares fell, contributing to the Nasdaq 100's 0.25% drop.
The fall in Tesla Inc shares contributed to the overall drop in the Nasdaq 100.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Uber Technologies shares fell 5.7% due to worse-than-expected Q2 revenue and Q3 guidance.
Uber Technologies' worse-than-expected Q2 revenue and Q3 guidance led to a decrease in its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100