Major indices are higher following House passage of a debt ceiling bill. Initial jobless claims also came in below estimates.
Portfolio Pulse from Benzinga Newsdesk
Major indices rise after the House passes a debt ceiling bill and initial jobless claims come in below estimates.
June 01, 2023 | 4:05 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
DIA, a major index ETF, is higher following the House's passage of a debt ceiling bill and lower jobless claims.
The House's passage of the debt ceiling bill reduces uncertainty in the market, while lower jobless claims indicate a stronger economy. Both factors contribute to a positive short-term impact on DIA.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
IWM, a major index ETF, is higher following the House's passage of a debt ceiling bill and lower jobless claims.
The House's passage of the debt ceiling bill reduces uncertainty in the market, while lower jobless claims indicate a stronger economy. Both factors contribute to a positive short-term impact on IWM.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
QQQ, a major index ETF, is higher following the House's passage of a debt ceiling bill and lower jobless claims.
The House's passage of the debt ceiling bill reduces uncertainty in the market, while lower jobless claims indicate a stronger economy. Both factors contribute to a positive short-term impact on QQQ.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
SPY, a major index ETF, is higher following the House's passage of a debt ceiling bill and lower jobless claims.
The House's passage of the debt ceiling bill reduces uncertainty in the market, while lower jobless claims indicate a stronger economy. Both factors contribute to a positive short-term impact on SPY.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100