Major indexes are lower following weak economic data out of China, which has caused global macro pressures. Additionally, the financial sector fell after Fitch said it may be forced to downgrade additional banks.
Portfolio Pulse from Benzinga Newsdesk
Major indexes are down due to weak economic data from China causing global macro pressures. The financial sector also fell after Fitch's announcement of potential additional bank downgrades.
August 15, 2023 | 4:57 pm
News sentiment analysis
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NEGATIVE IMPACT
The Dow Jones Industrial Average ETF (DIA) may be negatively impacted by the weak economic data from China and potential bank downgrades.
As DIA tracks the Dow Jones Industrial Average, it is likely to be negatively impacted by the weak economic data from China and potential bank downgrades, which have caused a fall in major indexes.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75
NEGATIVE IMPACT
The Russell 2000 ETF (IWM) may be negatively impacted by the weak economic data from China and potential bank downgrades.
As IWM tracks the Russell 2000 Index, it is likely to be negatively impacted by the weak economic data from China and potential bank downgrades, which have caused a fall in major indexes.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75
NEGATIVE IMPACT
The NASDAQ 100 ETF (QQQ) may be negatively impacted by the weak economic data from China and potential bank downgrades.
As QQQ tracks the NASDAQ 100 Index, it is likely to be negatively impacted by the weak economic data from China and potential bank downgrades, which have caused a fall in major indexes.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75
NEGATIVE IMPACT
The S&P 500 ETF (SPY) may be negatively impacted by the weak economic data from China and potential bank downgrades.
As SPY tracks the S&P 500 Index, it is likely to be negatively impacted by the weak economic data from China and potential bank downgrades, which have caused a fall in major indexes.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75