Major indexes are higher after GDP and initial jobless claims data beat expectations. Additionally, the Fed's stress test showed all 23 banks tested remained above minimum capital requirements during a hypothetical recession.
Portfolio Pulse from Benzinga Newsdesk
Major indexes have risen following better-than-expected GDP and initial jobless claims data. The Fed's stress test also revealed that all 23 banks tested remained above minimum capital requirements during a hypothetical recession.
June 29, 2023 | 3:24 pm
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POSITIVE IMPACT
The Dow Jones Industrial Average ETF (DIA) may see a positive impact due to the positive economic data and successful stress tests.
The DIA tracks the Dow Jones Industrial Average, which is likely to be positively impacted by the better-than-expected GDP and jobless claims data, as well as the successful stress tests.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The iShares Russell 2000 ETF (IWM) may also see a positive impact due to the positive economic data and successful stress tests.
The IWM tracks the Russell 2000 Index, which is likely to be positively impacted by the better-than-expected GDP and jobless claims data, as well as the successful stress tests.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) may see a positive impact due to the positive economic data and successful stress tests.
The SPY tracks the S&P 500 Index, which is likely to be positively impacted by the better-than-expected GDP and jobless claims data, as well as the successful stress tests.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80