Major indices are lower following Fed Chair Powell's comments suggesting inflationary pressures have continued and further rate hikes are expected by the end of the year. Weak guidance from FedEx and a selloff in tech stocks have also weighed on stocks.
Portfolio Pulse from Benzinga Newsdesk
Major indices are lower due to Fed Chair Powell's comments on inflationary pressures and expected rate hikes, weak guidance from FedEx, and a selloff in tech stocks.
June 21, 2023 | 2:26 pm
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NEGATIVE IMPACT
DIA is lower due to Fed Chair Powell's comments on inflationary pressures and expected rate hikes, weak guidance from FedEx, and a selloff in tech stocks.
Fed Chair Powell's comments on inflationary pressures and expected rate hikes, weak guidance from FedEx, and a selloff in tech stocks have led to a decline in major indices, including DIA.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
IWM is lower due to Fed Chair Powell's comments on inflationary pressures and expected rate hikes, weak guidance from FedEx, and a selloff in tech stocks.
Fed Chair Powell's comments on inflationary pressures and expected rate hikes, weak guidance from FedEx, and a selloff in tech stocks have led to a decline in major indices, including IWM.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
QQQ is lower due to Fed Chair Powell's comments on inflationary pressures and expected rate hikes, weak guidance from FedEx, and a selloff in tech stocks.
Fed Chair Powell's comments on inflationary pressures and expected rate hikes, weak guidance from FedEx, and a selloff in tech stocks have led to a decline in major indices, including QQQ.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
SPY is lower due to Fed Chair Powell's comments on inflationary pressures and expected rate hikes, weak guidance from FedEx, and a selloff in tech stocks.
Fed Chair Powell's comments on inflationary pressures and expected rate hikes, weak guidance from FedEx, and a selloff in tech stocks have led to a decline in major indices, including SPY.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100