CBOE Volatility Index Increases Ahead Of Inflation Data
Portfolio Pulse from Lisa Levin
The S&P 500 and Nasdaq 100 fell on Tuesday, with the S&P 500 Banks index losing 2.5% year-to-date. Moody's downgraded 10 small- to mid-sized lenders, contributing to the decline. Eli Lilly and DISH Network saw share increases after positive Q2 results and a merger announcement, respectively. The CBOE Volatility Index rose 1.4% ahead of upcoming CPI and PPI data releases.
August 09, 2023 | 9:41 am
News sentiment analysis
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NEGATIVE IMPACT
Amazon shares fell on Tuesday, contributing to the decline of the Nasdaq 100.
Amazon's share price decline directly impacted the Nasdaq 100's performance, indicating a negative short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Microsoft shares fell on Tuesday, contributing to the decline of the Nasdaq 100.
Microsoft's share price decline directly impacted the Nasdaq 100's performance, indicating a negative short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
DISH Network shares surged 9.5% after the company announced a merger with EchoStar Corporation.
The announcement of DISH Network's merger with EchoStar Corporation led to a significant increase in DISH's share price, indicating a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Eli Lilly shares jumped around 15% after the company reported upbeat second-quarter results and raised its annual guidance.
Eli Lilly's positive Q2 results and raised annual guidance led to a significant increase in its share price, indicating a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
EchoStar Corporation was mentioned in relation to its merger with DISH Network, which led to a surge in DISH's share price.
The announcement of EchoStar Corporation's merger with DISH Network led to a significant increase in DISH's share price, indicating a positive short-term impact for EchoStar as well.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50