Market Volatility Increases Sharply After US Nonfarm Payrolls Data, S&P 500 Falls For 4th Session
Portfolio Pulse from Lisa Levin
The S&P 500 closed lower for the fourth straight session due to the latest jobs and earnings data. The U.S. economy added fewer jobs than expected in July, and the unemployment rate fell to 3.5%. Apple Inc. shares declined 4.8% due to a continued decline in sales, while Amazon.com, Inc. shares surged after strong quarterly results. Icahn Enterprises L.P. shares fell over 23% after weak Q2 results. The Nasdaq 100 fell 0.51% amid losses in shares of Apple Inc and Tesla Inc.
August 07, 2023 | 9:36 am
News sentiment analysis
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NEGATIVE IMPACT
Apple Inc. shares declined 4.8% due to a continued decline in sales.
Apple's share price is likely to be negatively impacted in the short term due to the continued decline in sales.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Icahn Enterprises L.P. shares fell over 23% after weak Q2 results.
Icahn Enterprises' share price is likely to be negatively impacted in the short term due to weak Q2 results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The Nasdaq 100 fell 0.51% amid losses in shares of Tesla Inc.
Tesla's share price is likely to be negatively impacted in the short term due to the overall decline in the Nasdaq 100.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Amazon.com, Inc. shares surged after strong quarterly results.
Amazon's share price is likely to be positively impacted in the short term due to strong quarterly results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100