• Sun. Nov 27th, 2022

Market Volatility Decreases Following Upbeat Earnings From Walmart, Home Depot

ByLisa Levin

Aug 17, 2022
Market Volatility Decreases Following Upbeat Earnings From Walmart, Home Depot

The Dow and S&P 500 recorded gains on Tuesday following better-than-expected quarterly results from Walmart Inc. WMT and The Home Depot, Inc. HD.

Shares of Target Corp TGT, which is expected to report quarterly results today, gained around 4.6% on Tuesday

After a dismal first half of the year, the S&P 500 index has gained around 14% since the start of July.

The Nasdaq 100 fell 0.23% to close at 13,635.21 on Tuesday, while the S&P 500 gained 0.19%. The Dow Jones gained around 240 points to settle at 34,152.01 in the previous session.

Major sectors on the S&P 500 closed on a mixed note, with consumer staples and consumer discretionary stocks recording the biggest surge on Tuesday. Real estate, however, was the worst performing sector in the previous session, falling around 0.4%.

The Chicago Board Options Exchange’s CBOE Volatility Index (VIX) fell 0.8% to 19.79 points.

What is CBOE Volatility Index?

The CBOE Volatility Index, popularly known as VIX, is a measure of the equity market’s expectation of volatility based on S&P 500 index call and put options.



Image and article originally from www.benzinga.com. Read the original article here.