Major indexes are lower amid rising Treasury yields and China uncertainty following Evergerande's Chapter 15 bankruptcy protection filing.
Portfolio Pulse from Benzinga Newsdesk
Major indexes are experiencing a downturn due to rising Treasury yields and uncertainty in China following Evergrande's Chapter 15 bankruptcy protection filing.
August 18, 2023 | 2:43 pm
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NEGATIVE IMPACT
The Dow Jones Industrial Average ETF (DIA) may be negatively impacted by rising Treasury yields and Evergrande's bankruptcy.
Rising Treasury yields often lead to a decrease in stock prices as investors move towards bonds. Additionally, Evergrande's bankruptcy adds uncertainty to the global market, potentially affecting DIA.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The NASDAQ 100 Index ETF (QQQ) may be negatively impacted by rising Treasury yields and Evergrande's bankruptcy.
Rising Treasury yields often lead to a decrease in stock prices as investors move towards bonds. Additionally, Evergrande's bankruptcy adds uncertainty to the global market, potentially affecting QQQ.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The S&P 500 Index ETF (SPY) may be negatively impacted by rising Treasury yields and Evergrande's bankruptcy.
Rising Treasury yields often lead to a decrease in stock prices as investors move towards bonds. Additionally, Evergrande's bankruptcy adds uncertainty to the global market, potentially affecting SPY.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100