Major indexes are lower amid a rise in Treasury yields and overall market concerns following US economic data. New home sales fell in August while consumer confidence came in below estimates.
Portfolio Pulse from Benzinga Newsdesk
Major indexes are down due to a rise in Treasury yields and market concerns following US economic data. New home sales fell in August and consumer confidence was below estimates.
September 26, 2023 | 6:48 pm
News sentiment analysis
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NEGATIVE IMPACT
The Dow Jones Industrial Average ETF (DIA) may be negatively impacted by the overall market concerns and economic data.
As an ETF that tracks the Dow Jones Industrial Average, DIA is likely to be negatively impacted by the overall market concerns and disappointing economic data.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The Russell 2000 ETF (IWM) may be negatively impacted by the overall market concerns and economic data.
As an ETF that tracks the Russell 2000 Index, IWM is likely to be negatively impacted by the overall market concerns and disappointing economic data.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The NASDAQ 100 ETF (QQQ) may be negatively impacted by the overall market concerns and economic data.
As an ETF that tracks the NASDAQ 100 Index, QQQ is likely to be negatively impacted by the overall market concerns and disappointing economic data.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The S&P 500 ETF (SPY) may be negatively impacted by the overall market concerns and economic data.
As an ETF that tracks the S&P 500 Index, SPY is likely to be negatively impacted by the overall market concerns and disappointing economic data.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100