Major indexes are lower after Fitch downgraded the long-term credit rating of the US.
Portfolio Pulse from Benzinga Newsdesk
Fitch has downgraded the long-term credit rating of the US, leading to a decrease in major indexes.
August 04, 2023 | 11:25 am
News sentiment analysis
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NEGATIVE IMPACT
The Dow Jones Industrial Average ETF (DIA) is likely to be negatively impacted by the downgrade of the US credit rating.
As an ETF that tracks the Dow Jones Industrial Average, DIA is likely to be negatively impacted by any factors that cause a general decrease in the stock market, such as a downgrade in the US credit rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The Russell 2000 ETF (IWM) is likely to be negatively impacted by the downgrade of the US credit rating.
As an ETF that tracks the Russell 2000 Index, IWM is likely to be negatively impacted by any factors that cause a general decrease in the stock market, such as a downgrade in the US credit rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The NASDAQ 100 ETF (QQQ) is likely to be negatively impacted by the downgrade of the US credit rating.
As an ETF that tracks the NASDAQ 100 Index, QQQ is likely to be negatively impacted by any factors that cause a general decrease in the stock market, such as a downgrade in the US credit rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The S&P 500 ETF (SPY) is likely to be negatively impacted by the downgrade of the US credit rating.
As an ETF that tracks the S&P 500 Index, SPY is likely to be negatively impacted by any factors that cause a general decrease in the stock market, such as a downgrade in the US credit rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100