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Market Volatility Increases After Earnings Reports; S&P 500 Closes Higher
Thursday, July 20, 2023 - 5:43am | 344The S&P 500 closed higher on Wednesday, as investors assessed recent earnings reports. Shares of The Goldman Sachs Group, Inc. (NYSE: GS) gained around 1% after releasing results for its second quarter. After the closing bell, Tesla Inc (NASDAQ: TSLA) reported better-than-expected earnings and...
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Market Volatility Declines Following Strong Bank Earnings; S&P 500 Settles Higher
Wednesday, July 19, 2023 - 5:30am | 389The S&P 500 closed higher on Tuesday, following solid bank earnings. Bank of America (NYSE: BAC) reported stronger-than-expected quarterly profit, while Morgan Stanley (NYSE: MS) also topped market expectations. Bank of New York Mellon (NYSE: BK) also reported better-than-expected second-...
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Market Volatility Increases Following China Data; S&P 500 Settles Higher
Tuesday, July 18, 2023 - 5:45am | 404The S&P 500 closed higher on Monday, as investors digested recent economic data from China. The Chinese economy advanced by 6.3% year-over-year during the second quarter, higher than a 4.5% growth in the prior quarter, but missing expectations of 7.3%. Chinese retail sales rose by 3.1% year-...
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Market Volatility Declines; S&P 500 Settles Lower But Posts Weekly Gain
Monday, July 17, 2023 - 5:03am | 339The S&P 500 closed slightly lower on Friday, but all three major indices recorded strong weekly gains. Investors digested earnings reports from major companies on Friday. UnitedHealth Group Incorporated (NYSE: UNH) shares gained more than 7% on Friday after the company reported better-than-...
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Market Volatility Increases After PPI Data; S&P 500 Settles Higher
Friday, July 14, 2023 - 6:07am | 390U.S. stocks extended gains on Thursday, with the Nasdaq gaining over 1% for a second session in a row. Producer prices for final demand in the U.S. rose 0.1% month-over-month in June, compared to market expectations of a 0.2% increase. U.S. initial jobless claims, meanwhile, declined by 12,000 from...
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CBOE Volatility Index Drops Sharply After CPI Report; Nasdaq Gains Over 1%
Thursday, July 13, 2023 - 6:00am | 376U.S. stocks settled higher on Wednesday, with the Nasdaq surging over 1% during the session. The annual inflation rate in the U.S. eased to 3% in June, recording the lowest level since March 2021, versus May’s level of 4% and market expectations of 3.1%. Big banks, including JPMorgan Chase...
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Market Volatility Declines Ahead Of CPI; S&P 500 Gains
Wednesday, July 12, 2023 - 5:42am | 350The S&P 500 settled higher on Tuesday ahead of key inflation reports and earnings results from major companies this week. U.S. consumer price data will be released on Wednesday, while producer prices report is scheduled for release on Thursday. Big banks, including JPMorgan Chase & Co. (...
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Market Volatility Increases Ahead Of Inflation Reports; S&P 500 Settles Higher
Tuesday, July 11, 2023 - 5:46am | 399The S&P 500 settled higher on Monday after recording losses last week. The S&P 500 fell around 1.2% last week after US economy added 209,000 jobs in June versus a revised gain of 306,000 jobs in May. The unemployment rate, meanwhile, declined to 3.6% in June from 3.7% in May, in-line with...
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Market Volatility Decreases Following Nonfarm Payrolls Report; S&P 500 Closes Lower
Monday, July 10, 2023 - 5:37am | 339The S&P 500 settled lower on Friday as investors digested the latest U.S. jobs report. The U.S. economy added 209,000 jobs in June versus a revised gain of 306,000 jobs in May, recording the lowest reading since Dec. 2020. The unemployment rate, meanwhile, declined to 3.6% in June from 3.7% in...
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Market Volatility Increases Sharply Ahead Of Nonfarm Payrolls Data; S&P 500 Settles Lower
Friday, July 7, 2023 - 6:01am | 330The S&P 500 settled lower on Thursday following the release of latest jobs data. The S&P 500 recorded its biggest daily percentage decline since May 23, while the Dow Jones notched its biggest daily decline since May 2. Private businesses in the U.S. added 497,000 jobs in June, the most...
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Market Volatility Increases After Fed Minutes; S&P 500 Settles Lower
Thursday, July 6, 2023 - 5:58am | 305The S&P 500 settled lower on Wednesday following minutes from the U.S. Federal Reserve's recent meeting. U.S. factory orders rose 0.3% month-over-month for May, versus market expectations for a 0.8% growth. The Philadelphia SE Semiconductor Index fell around 2.2%, with Intel Corporation (...
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Market Volatility Increases; S&P 500 Settles Slightly Higher
Wednesday, July 5, 2023 - 5:36am | 336The S&P 500 settled slightly higher on Monday in a holiday-shortened trading session, helped by strength in bank stocks. The S&P 500 banks index gained around 1.5%, with shares of Wells Fargo & Company (NYSE: WFC) gaining 1.7% and Citigroup Inc. (NYSE: C) adding 1.5% on Monday....
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Market Volatility Increases; S&P 500 Records Gains
Monday, July 3, 2023 - 5:54am | 362The S&P 500 settled higher on Friday, with Apple Inc. (NASDAQ: AAPL) closing with a $3 trillion market capitalization for the first time. The personal consumption expenditure price index in the U.S. rose 3.8% year-over-year in May, recording the lowest reading since April 2021. Traders are...
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Market Volatility Rises Following GDP Data; S&P 500 Settles Higher
Friday, June 30, 2023 - 7:05am | 353The S&P 500 settled higher on Thursday as bank stocks rallied following the Fed's stress test results, which showed all 23 banks tested remained above their minimum capital requirements during a hypothetical recession. The U.S. economy expanded by an annualized rate of 2% on quarter in the...
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Market Volatility Decreases Following Powell Comments; S&P 500 Settles Slightly Lower
Thursday, June 29, 2023 - 5:26am | 312The S&P 500 settled slightly lower on Wednesday, after Fed Chair Jerome Powell stated that additional interest rate hikes are on the way this year. NVIDIA Corporation (NASDAQ: NVDA) shares settled lower on Wednesday following a Wall Street Journal report that the U.S. government is considering...