Major indices are mixed ahead of today's FOMC decision. Stocks have gained following encouraging May PPI data while the Dow fell amid weakness in UnitedHealth.
Portfolio Pulse from Benzinga Newsdesk
Major indices show mixed performance ahead of the FOMC decision, with stocks gaining after positive May PPI data, while the Dow falls due to weakness in UnitedHealth.
June 14, 2023 | 3:59 pm
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NEGATIVE IMPACT
The Dow Jones Industrial Average (DIA) fell amid weakness in UnitedHealth.
The Dow Jones Industrial Average (DIA) is negatively impacted by the weakness in UnitedHealth, a major component of the index. This may lead to a short-term decline in DIA.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
POSITIVE IMPACT
The Russell 2000 Index (IWM) gained following encouraging May PPI data.
The Russell 2000 Index (IWM) is positively impacted by the encouraging May PPI data, which may lead to a short-term increase in IWM as investors react to the positive economic indicator.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
POSITIVE IMPACT
The Nasdaq 100 Index (QQQ) gained following encouraging May PPI data.
The Nasdaq 100 Index (QQQ) is positively impacted by the encouraging May PPI data, which may lead to a short-term increase in QQQ as investors react to the positive economic indicator.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
POSITIVE IMPACT
The S&P 500 Index (SPY) gained following encouraging May PPI data.
The S&P 500 Index (SPY) is positively impacted by the encouraging May PPI data, which may lead to a short-term increase in SPY as investors react to the positive economic indicator.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75