Major indexes are higher following April PCE data, with the core PCE price index rising less than expected month over month.
Portfolio Pulse from Benzinga Newsdesk
Major indexes are higher following April PCE data, with the core PCE price index rising less than expected month over month.
May 31, 2024 | 12:36 pm
News sentiment analysis
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POSITIVE IMPACT
The Dow Jones Industrial Average ETF (DIA) is likely to see a positive impact as major indexes rise following the April PCE data.
The core PCE price index rising less than expected is a positive indicator for the market, leading to higher major indexes, which will likely benefit DIA.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The Russell 2000 ETF (IWM) is expected to benefit from the positive market sentiment as major indexes rise following the April PCE data.
The lower-than-expected rise in the core PCE price index is a positive signal for the market, likely boosting IWM along with other major indexes.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The Nasdaq-100 ETF (QQQ) is likely to see gains as major indexes rise following the April PCE data.
The core PCE price index rising less than expected is a positive indicator for the market, leading to higher major indexes, which will likely benefit QQQ.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The S&P 500 ETF (SPY) is expected to benefit from the positive market sentiment as major indexes rise following the April PCE data.
The lower-than-expected rise in the core PCE price index is a positive signal for the market, likely boosting SPY along with other major indexes.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80