Major indexes are higher following softer-than-expected June inflation data. Additionally, strong financial results from Delta could be lifting market sentiment ahead of upcoming corporate earnings.
Portfolio Pulse from Benzinga Newsdesk
Major indexes are up due to softer-than-expected June inflation data and strong financial results from Delta. This could be boosting market sentiment ahead of upcoming corporate earnings.
July 13, 2023 | 1:46 pm
News sentiment analysis
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POSITIVE IMPACT
The Dow Jones Industrial Average ETF (DIA) is likely benefiting from the softer-than-expected inflation data and strong Delta results.
The DIA tracks the Dow Jones Industrial Average, which is sensitive to inflation data and corporate earnings. The softer inflation data and strong Delta results are likely positive for the DIA.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The Russell 2000 ETF (IWM) may be positively impacted by the softer inflation data and strong Delta results.
The IWM tracks the Russell 2000 Index, which is sensitive to inflation data and corporate earnings. The softer inflation data and strong Delta results are likely positive for the IWM.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The NASDAQ 100 ETF (QQQ) is likely benefiting from the softer-than-expected inflation data and strong Delta results.
The QQQ tracks the NASDAQ 100 Index, which is sensitive to inflation data and corporate earnings. The softer inflation data and strong Delta results are likely positive for the QQQ.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The S&P 500 ETF (SPY) is likely benefiting from the softer-than-expected inflation data and strong Delta results.
The SPY tracks the S&P 500 Index, which is sensitive to inflation data and corporate earnings. The softer inflation data and strong Delta results are likely positive for the SPY.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75