Major indexes are higher following strong economic data, including better-than-expected US consumer confidence and durable goods orders as well as an increase in new home sales. Tech stocks also saw strength in Tuesday's session.
Portfolio Pulse from Benzinga Newsdesk
Major indexes have risen following strong economic data, including better-than-expected US consumer confidence and durable goods orders, as well as an increase in new home sales. Tech stocks also saw strength in Tuesday's session.
June 27, 2023 | 4:26 pm
News sentiment analysis
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POSITIVE IMPACT
The Dow Jones Industrial Average ETF (DIA) may have been positively impacted by the strong economic data and increased consumer confidence.
Strong economic data and increased consumer confidence generally lead to a positive impact on major indexes like DIA.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The Russell 2000 ETF (IWM) may have been positively impacted by the strong economic data and increased consumer confidence.
Strong economic data and increased consumer confidence generally lead to a positive impact on major indexes like IWM.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The NASDAQ 100 ETF (QQQ) may have been positively impacted by the strong economic data and increased consumer confidence, as well as the strength in tech stocks.
Strong economic data, increased consumer confidence, and strength in tech stocks generally lead to a positive impact on major indexes like QQQ.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
The S&P 500 ETF (SPY) may have been positively impacted by the strong economic data and increased consumer confidence.
Strong economic data and increased consumer confidence generally lead to a positive impact on major indexes like SPY.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75