Major indexes are lower amid a rise in Treasury yields and a pullback in NVIDIA.
Portfolio Pulse from Benzinga Newsdesk
Major indexes are experiencing a decline due to rising Treasury yields and a pullback in NVIDIA's stock.
May 29, 2024 | 3:45 pm
News sentiment analysis
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NEGATIVE IMPACT
The Dow Jones Industrial Average ETF (DIA) is likely to be impacted negatively due to the overall decline in major indexes.
DIA tracks the Dow Jones Industrial Average, which is affected by the overall market decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The iShares Russell 2000 ETF (IWM) is likely to see a negative impact due to the broader market decline.
IWM tracks the Russell 2000 Index, which is influenced by the overall market sentiment.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
NVIDIA (NVDA) is experiencing a pullback, contributing to the decline in major indexes.
NVIDIA's pullback is a significant factor in the decline of major indexes, impacting its own stock price negatively.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
The Invesco QQQ Trust (QQQ) is expected to be negatively impacted due to the decline in major indexes and NVIDIA's pullback.
QQQ tracks the Nasdaq-100 Index, which includes NVIDIA, making it more sensitive to NVIDIA's stock movements.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) is expected to decline due to the overall market downturn.
SPY tracks the S&P 500 Index, which is affected by the overall market decline.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85