Indexes are lower after initially gaining following NVIDIA's earnings. Hawkish Fed minutes and upbeat economic data may also be driving rate cut uncertainty.
Portfolio Pulse from Benzinga Newsdesk
Indexes are lower after initially gaining following NVIDIA's earnings. Hawkish Fed minutes and upbeat economic data may also be driving rate cut uncertainty.
May 23, 2024 | 6:27 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The Dow Jones Industrial Average ETF (DIA) is lower after initially gaining following NVIDIA's earnings. Hawkish Fed minutes and strong economic data are contributing to rate cut uncertainty.
The ETF is impacted by overall market sentiment, which turned negative due to hawkish Fed minutes and strong economic data, despite initial gains from NVIDIA's earnings.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The Russell 2000 ETF (IWM) is lower after initially gaining following NVIDIA's earnings. Hawkish Fed minutes and strong economic data are contributing to rate cut uncertainty.
The ETF is impacted by overall market sentiment, which turned negative due to hawkish Fed minutes and strong economic data, despite initial gains from NVIDIA's earnings.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The Nasdaq-100 ETF (QQQ) is lower after initially gaining following NVIDIA's earnings. Hawkish Fed minutes and strong economic data are contributing to rate cut uncertainty.
The ETF is impacted by overall market sentiment, which turned negative due to hawkish Fed minutes and strong economic data, despite initial gains from NVIDIA's earnings.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The S&P 500 ETF (SPY) is lower after initially gaining following NVIDIA's earnings. Hawkish Fed minutes and strong economic data are contributing to rate cut uncertainty.
The ETF is impacted by overall market sentiment, which turned negative due to hawkish Fed minutes and strong economic data, despite initial gains from NVIDIA's earnings.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80