Major indexes are higher after June CPI data showed softer-than-expected inflation.
Portfolio Pulse from Benzinga Newsdesk
Major indexes have risen following the release of June's Consumer Price Index (CPI) data, which showed softer-than-expected inflation.
July 12, 2023 | 2:26 pm
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POSITIVE IMPACT
The Dow Jones Industrial Average ETF (DIA) may see a positive impact due to softer-than-expected inflation data.
Softer inflation data is generally positive for stocks as it reduces the pressure on the Federal Reserve to raise interest rates, which can negatively impact stock prices. Therefore, DIA, which tracks the Dow Jones Industrial Average, may see a positive impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The Russell 2000 ETF (IWM) may benefit from the softer-than-expected inflation data.
Softer inflation data is generally positive for stocks as it reduces the pressure on the Federal Reserve to raise interest rates, which can negatively impact stock prices. Therefore, IWM, which tracks the Russell 2000 index, may see a positive impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The NASDAQ 100 ETF (QQQ) may see a positive impact due to softer-than-expected inflation data.
Softer inflation data is generally positive for stocks as it reduces the pressure on the Federal Reserve to raise interest rates, which can negatively impact stock prices. Therefore, QQQ, which tracks the NASDAQ 100 index, may see a positive impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The S&P 500 ETF (SPY) may benefit from the softer-than-expected inflation data.
Softer inflation data is generally positive for stocks as it reduces the pressure on the Federal Reserve to raise interest rates, which can negatively impact stock prices. Therefore, SPY, which tracks the S&P 500 index, may see a positive impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75