Major indexes are lower amid a rise in Treasury yields. Rising oil prices and weak economic data out of China have also pressured stocks this week.
Portfolio Pulse from Benzinga Newsdesk
Major indexes are down due to a rise in Treasury yields, increasing oil prices, and weak economic data from China.
September 06, 2023 | 3:08 pm
News sentiment analysis
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NEGATIVE IMPACT
DIA, an ETF tracking the Dow Jones, is likely to be negatively impacted by the rise in Treasury yields and weak economic data from China.
DIA tracks the Dow Jones, which is sensitive to changes in Treasury yields and global economic indicators. The rise in Treasury yields and weak economic data from China are likely to put downward pressure on the ETF.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
IWM, an ETF tracking the Russell 2000, is likely to be negatively impacted by the rise in Treasury yields and weak economic data from China.
IWM tracks the Russell 2000, which is sensitive to changes in Treasury yields and global economic indicators. The rise in Treasury yields and weak economic data from China are likely to put downward pressure on the ETF.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
QQQ, an ETF tracking the NASDAQ-100, is likely to be negatively impacted by the rise in Treasury yields and weak economic data from China.
QQQ tracks the NASDAQ-100, which is sensitive to changes in Treasury yields and global economic indicators. The rise in Treasury yields and weak economic data from China are likely to put downward pressure on the ETF.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
SPY, an ETF tracking the S&P 500, is likely to be negatively impacted by the rise in Treasury yields and weak economic data from China.
SPY tracks the S&P 500, which is sensitive to changes in Treasury yields and global economic indicators. The rise in Treasury yields and weak economic data from China are likely to put downward pressure on the ETF.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100