U.S. indices are lower for the session following a rise in Treasury yields after yesterday's FOMC statement. Also, weekly initial jobless claims data came in below estimates, which could potentially encourage more rate hikes.
Portfolio Pulse from Benzinga Newsdesk
U.S. indices are down due to a rise in Treasury yields following the FOMC statement. The weekly initial jobless claims data was lower than expected, which could lead to more rate hikes.
September 21, 2023 | 3:50 pm
News sentiment analysis
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NEGATIVE IMPACT
The DIA ETF, which tracks the Dow Jones Industrial Average, is likely to be negatively impacted by the rise in Treasury yields and potential rate hikes.
The DIA ETF tracks the Dow Jones Industrial Average, which is sensitive to changes in Treasury yields and interest rates. The rise in Treasury yields and potential rate hikes could lead to a decrease in the value of the ETF.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The IWM ETF, which tracks the Russell 2000 Index, is likely to be negatively impacted by the rise in Treasury yields and potential rate hikes.
The IWM ETF tracks the Russell 2000 Index, which is sensitive to changes in Treasury yields and interest rates. The rise in Treasury yields and potential rate hikes could lead to a decrease in the value of the ETF.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The QQQ ETF, which tracks the NASDAQ-100 Index, is likely to be negatively impacted by the rise in Treasury yields and potential rate hikes.
The QQQ ETF tracks the NASDAQ-100 Index, which is sensitive to changes in Treasury yields and interest rates. The rise in Treasury yields and potential rate hikes could lead to a decrease in the value of the ETF.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The SPY ETF, which tracks the S&P 500 Index, is likely to be negatively impacted by the rise in Treasury yields and potential rate hikes.
The SPY ETF tracks the S&P 500 Index, which is sensitive to changes in Treasury yields and interest rates. The rise in Treasury yields and potential rate hikes could lead to a decrease in the value of the ETF.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100