Market Volatility Falls Ahead Of Jobs Report, S&P 500 Settles Lower
Portfolio Pulse from Lisa Levin
The S&P 500 closed lower for the third consecutive session on Thursday, with the majority of sectors ending in the red. The U.S. 10-year Treasury yield increased, while initial jobless claims rose by 6,000. The ISM services PMI declined. Apple Inc. reported better-than-expected Q3 earnings but saw a decline in iPhone, Mac, and iPad revenues. Amazon.com, Inc. reported strong Q2 results and issued strong guidance. The Nasdaq 100 fell, with losses in shares of Apple Inc and Microsoft Corp.
August 04, 2023 | 2:57 pm
News sentiment analysis
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NEGATIVE IMPACT
The Nasdaq 100 fell, with losses in shares of Microsoft Corp.
The decline in the Nasdaq 100 and losses in Microsoft's shares could negatively impact the stock's performance.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Apple reported better-than-expected Q3 earnings but saw a decline in iPhone, Mac, and iPad revenues.
While Apple's earnings beat expectations, the decline in revenues from key products could potentially impact investor sentiment and the stock's performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Amazon reported strong Q2 results and issued strong guidance.
Amazon's strong Q2 results and positive guidance could boost investor confidence and positively impact the stock's performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80