Major indices are higher following a softer-than-expected CPI report, which showed slowing inflation in May.
Portfolio Pulse from Benzinga Newsdesk
Major indices are higher following a softer-than-expected CPI report, which showed slowing inflation in May.
June 13, 2023 | 1:39 pm
News sentiment analysis
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POSITIVE IMPACT
DIA, an ETF tracking the Dow Jones Industrial Average, is higher following the softer-than-expected CPI report.
The softer-than-expected CPI report indicates slowing inflation, which is generally positive for the stock market. As DIA tracks the Dow Jones Industrial Average, it is directly impacted by the overall market sentiment and is likely to go up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
IWM, an ETF tracking the Russell 2000 Index, is higher following the softer-than-expected CPI report.
The softer-than-expected CPI report indicates slowing inflation, which is generally positive for the stock market. As IWM tracks the Russell 2000 Index, it is directly impacted by the overall market sentiment and is likely to go up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
QQQ, an ETF tracking the Nasdaq-100 Index, is higher following the softer-than-expected CPI report.
The softer-than-expected CPI report indicates slowing inflation, which is generally positive for the stock market. As QQQ tracks the Nasdaq-100 Index, it is directly impacted by the overall market sentiment and is likely to go up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
SPY, an ETF tracking the S&P 500 Index, is higher following the softer-than-expected CPI report.
The softer-than-expected CPI report indicates slowing inflation, which is generally positive for the stock market. As SPY tracks the S&P 500 Index, it is directly impacted by the overall market sentiment and is likely to go up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100