Major indexes are trading lower following stronger-than-expected US economic data.
Portfolio Pulse from Benzinga Newsdesk
Major indexes are trading lower following stronger-than-expected US economic data.
June 07, 2024 | 12:32 pm
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NEGATIVE IMPACT
The Dow Jones Industrial Average ETF (DIA) is trading lower due to stronger-than-expected US economic data.
Stronger-than-expected economic data often leads to concerns about potential interest rate hikes, which can negatively impact stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The Russell 2000 ETF (IWM) is trading lower due to stronger-than-expected US economic data.
Stronger-than-expected economic data often leads to concerns about potential interest rate hikes, which can negatively impact stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The Nasdaq-100 ETF (QQQ) is trading lower due to stronger-than-expected US economic data.
Stronger-than-expected economic data often leads to concerns about potential interest rate hikes, which can negatively impact stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The S&P 500 ETF (SPY) is trading lower due to stronger-than-expected US economic data.
Stronger-than-expected economic data often leads to concerns about potential interest rate hikes, which can negatively impact stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100