Major indexes are lower after the 10-year Treasury yield briefly crossed 5% before pulling back in Friday's session. Investors also assess recent earnings reports from US banks.
Portfolio Pulse from Benzinga Newsdesk
Major indexes have declined after the 10-year Treasury yield briefly crossed 5% before pulling back. Investors are also evaluating recent earnings reports from US banks.
October 20, 2023 | 7:30 pm
News sentiment analysis
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NEGATIVE IMPACT
The Dow Jones Industrial Average ETF (DIA) may be negatively impacted by the rise in Treasury yields and mixed bank earnings.
The rise in Treasury yields can lead to a sell-off in equities as they become less attractive compared to safer government bonds. Mixed bank earnings can also create uncertainty, potentially impacting DIA.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
The Russell 2000 ETF (IWM) could be negatively affected by the increase in Treasury yields and mixed bank earnings.
Higher Treasury yields can make equities less attractive, potentially leading to a sell-off. Mixed bank earnings can also create market uncertainty, which could impact IWM.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
The NASDAQ 100 ETF (QQQ) may be negatively impacted by the rise in Treasury yields and mixed bank earnings.
The increase in Treasury yields can lead to a sell-off in equities as they become less attractive compared to safer government bonds. Mixed bank earnings can also create uncertainty, potentially impacting QQQ.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
The S&P 500 ETF (SPY) could be negatively affected by the increase in Treasury yields and mixed bank earnings.
Higher Treasury yields can make equities less attractive, potentially leading to a sell-off. Mixed bank earnings can also create market uncertainty, which could impact SPY.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75