Major indexes are higher following softer-than-expected May CPI figures.
Portfolio Pulse from Benzinga Newsdesk
Major indexes are higher following softer-than-expected May CPI figures.
June 12, 2024 | 12:30 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 softer-than-expected May CPI figures.
Softer-than-expected CPI figures generally lead to positive market sentiment, which is likely to boost major indexes including the Dow Jones Industrial Average.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The Russell 2000 ETF (IWM) is expected to benefit as major indexes rise due to softer-than-expected May CPI figures.
Positive market sentiment from softer-than-expected CPI figures is likely to boost smaller cap stocks represented by the Russell 2000.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The Nasdaq-100 ETF (QQQ) is likely to see gains as major indexes rise following softer-than-expected May CPI figures.
Tech-heavy indexes like the Nasdaq-100 are expected to benefit from positive market sentiment due to softer-than-expected CPI figures.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The S&P 500 ETF (SPY) is expected to rise as major indexes are higher following softer-than-expected May CPI figures.
Softer-than-expected CPI figures generally lead to positive market sentiment, which is likely to boost major indexes including the S&P 500.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80