Major indexes are higher, remaining positive for the decision after the Fed held rates unchanged. Markets gained earlier on softer-than-expected May CPI readings.
Portfolio Pulse from Benzinga Newsdesk
Major indexes are higher after the Fed held rates unchanged, with markets gaining on softer-than-expected May CPI readings.
June 12, 2024 | 6:30 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 the Fed's decision to hold rates unchanged and softer-than-expected May CPI readings.
The Fed's decision to hold rates unchanged and the softer-than-expected May CPI readings are positive signals for the market, likely boosting the Dow Jones Industrial Average ETF (DIA).
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The iShares Russell 2000 ETF (IWM) is expected to benefit from the positive market sentiment following the Fed's decision to hold rates unchanged and softer-than-expected May CPI readings.
Positive market sentiment driven by the Fed's decision and favorable CPI data is likely to boost the iShares Russell 2000 ETF (IWM).
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The Invesco QQQ Trust (QQQ) is likely to see gains as major indexes rise following the Fed's decision to hold rates unchanged and softer-than-expected May CPI readings.
The Fed's decision to hold rates unchanged and the softer-than-expected May CPI readings are positive signals for the market, likely boosting the Invesco QQQ Trust (QQQ).
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) is expected to benefit from the positive market sentiment following the Fed's decision to hold rates unchanged and softer-than-expected May CPI readings.
Positive market sentiment driven by the Fed's decision and favorable CPI data is likely to boost the SPDR S&P 500 ETF (SPY).
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80