CORRECTION: Major indexes are lower after July CPI data showed greater-than-expected inflation.
Portfolio Pulse from Benzinga Newsdesk
Major indexes have declined following the release of July CPI data, which showed higher-than-expected inflation.
August 11, 2023 | 4:03 pm
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NEGATIVE IMPACT
The Dow Jones Industrial Average ETF (DIA) may be negatively impacted by the higher-than-expected inflation data.
Inflation data can impact the overall market sentiment, potentially leading to a sell-off in major indexes like DIA.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
The Russell 2000 ETF (IWM) may be negatively impacted by the higher-than-expected inflation data.
Inflation data can impact the overall market sentiment, potentially leading to a sell-off in major indexes like IWM.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
The NASDAQ 100 ETF (QQQ) may be negatively impacted by the higher-than-expected inflation data.
Inflation data can impact the overall market sentiment, potentially leading to a sell-off in major indexes like QQQ.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
The S&P 500 ETF (SPY) may be negatively impacted by the higher-than-expected inflation data.
Inflation data can impact the overall market sentiment, potentially leading to a sell-off in major indexes like SPY.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100