US indices are lower for the session amid a rise in Treasury yields following CPI data.
Portfolio Pulse from Benzinga Newsdesk
US indices are trading lower due to a rise in Treasury yields following the release of CPI data.
October 12, 2023 | 7:25 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.
The rise in Treasury yields typically leads to a decrease in stock prices as investors may shift to bonds. As DIA tracks the Dow Jones, it is likely to be negatively impacted.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
IWM, an ETF tracking the Russell 2000, is likely to be negatively impacted by the rise in Treasury yields.
The rise in Treasury yields typically leads to a decrease in stock prices as investors may shift to bonds. As IWM tracks the Russell 2000, it is likely to be negatively impacted.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
QQQ, an ETF tracking the NASDAQ-100, is likely to be negatively impacted by the rise in Treasury yields.
The rise in Treasury yields typically leads to a decrease in stock prices as investors may shift to bonds. As QQQ tracks the NASDAQ-100, it is likely to be negatively impacted.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
SPY, an ETF tracking the S&P 500, is likely to be negatively impacted by the rise in Treasury yields.
The rise in Treasury yields typically leads to a decrease in stock prices as investors may shift to bonds. As SPY tracks the S&P 500, it is likely to be negatively impacted.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100