Major indices are trading lower ahead of the vote on the US debt ceiling bill. A pullback in tech stocks and weak Chinese economic data have also weighed on the market.
Portfolio Pulse from Bill Haddad
Major indices are trading lower ahead of the US debt ceiling bill vote, with a pullback in tech stocks and weak Chinese economic data contributing to the market decline.
May 31, 2023 | 3:57 pm
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NEGATIVE IMPACT
DIA is trading lower ahead of the US debt ceiling bill vote, influenced by a pullback in tech stocks and weak Chinese economic data.
The US debt ceiling bill vote creates uncertainty in the market, causing major indices like DIA to trade lower. Additionally, the pullback in tech stocks and weak Chinese economic data contribute to the decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
IWM is trading lower ahead of the US debt ceiling bill vote, influenced by a pullback in tech stocks and weak Chinese economic data.
The US debt ceiling bill vote creates uncertainty in the market, causing major indices like IWM to trade lower. Additionally, the pullback in tech stocks and weak Chinese economic data contribute to the decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
QQQ is trading lower ahead of the US debt ceiling bill vote, influenced by a pullback in tech stocks and weak Chinese economic data.
The US debt ceiling bill vote creates uncertainty in the market, causing major indices like QQQ to trade lower. Additionally, the pullback in tech stocks and weak Chinese economic data contribute to the decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
SPY is trading lower ahead of the US debt ceiling bill vote, influenced by a pullback in tech stocks and weak Chinese economic data.
The US debt ceiling bill vote creates uncertainty in the market, causing major indices like SPY to trade lower. Additionally, the pullback in tech stocks and weak Chinese economic data contribute to the decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100