Major indexes are lower after Fed Chair Powell said he is not confident the Fed has achieved a sufficiently restrictive stance.
Portfolio Pulse from Benzinga Newsdesk
Major indexes are lower after Federal Reserve Chair Powell stated that he is not confident the Fed has achieved a sufficiently restrictive stance.
November 09, 2023 | 7:20 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
The Dow Jones Industrial Average ETF (DIA) is likely to be negatively impacted by the Fed Chair's comments.
The Dow Jones Industrial Average ETF (DIA) is directly tied to the performance of the Dow Jones Industrial Average, which is a major index. Any negative sentiment towards major indexes is likely to impact DIA.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The iShares Russell 2000 ETF (IWM) may be negatively affected by the Fed Chair's comments.
The iShares Russell 2000 ETF (IWM) tracks the performance of the Russell 2000 index, a major index. Negative sentiment towards major indexes is likely to impact IWM.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The Invesco QQQ ETF (QQQ), which tracks the NASDAQ-100 index, may be negatively impacted by the Fed Chair's comments.
The Invesco QQQ ETF (QQQ) tracks the performance of the NASDAQ-100 index, a major index. Negative sentiment towards major indexes is likely to impact QQQ.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) is likely to be negatively impacted by the Fed Chair's comments.
The SPDR S&P 500 ETF (SPY) tracks the performance of the S&P 500 index, a major index. Negative sentiment towards major indexes is likely to impact SPY.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100