Benzinga Market Summary: Nike Shares Fall, Markets React To Trump-Biden Debate, PCE Data Falls In Line With Estimates; Clean Energy Stocks And Healthcare Providers Fall While Prison Stocks And Managed Care Stocks Gain
Portfolio Pulse from Bill Haddad
Nike shares fell as markets reacted to the Trump-Biden debate and PCE data that aligned with estimates. Clean energy stocks and healthcare providers saw declines, while prison stocks and managed care stocks experienced gains.
June 28, 2024 | 8:04 pm
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NEGATIVE IMPACT
Nike shares fell as the market reacted to the Trump-Biden debate and PCE data that met estimates.
The market's reaction to the political debate and economic data likely influenced investor sentiment, leading to a decline in Nike's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
The broader market, represented by SPY, reacted to the Trump-Biden debate and PCE data that aligned with estimates.
The SPY ETF, representing the broader market, showed reactions to the political debate and economic data, but the impact was mixed across different sectors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50