Major indices are lower amid Fed Chair Powell's Semiannual Monetary Policy Report to the Senate Banking Committee. Additionally, initial jobless claims came in above estimates.
Portfolio Pulse from Benzinga Newsdesk
Major indices are lower following Fed Chair Powell's Semiannual Monetary Policy Report to the Senate Banking Committee and initial jobless claims coming in above estimates.
June 22, 2023 | 2:11 pm
News sentiment analysis
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NEGATIVE IMPACT
DIA is lower due to Fed Chair Powell's report and higher initial jobless claims.
The Dow Jones Industrial Average ETF (DIA) is impacted by the overall market sentiment, which is currently negative due to Powell's report and higher jobless claims.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
IWM is lower following Fed Chair Powell's report and higher initial jobless claims.
The Russell 2000 ETF (IWM) is impacted by the overall market sentiment, which is currently negative due to Powell's report and higher jobless claims.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
SPY is lower due to Fed Chair Powell's report and higher initial jobless claims.
The S&P 500 ETF (SPY) is impacted by the overall market sentiment, which is currently negative due to Powell's report and higher jobless claims.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100