Major indexes are lower following weak US economic data. Weakness in Boeing and chip stocks could also be weighing on markets today.
Portfolio Pulse from Benzinga Newsdesk
Major indexes are lower following weak US economic data. Weakness in Boeing and chip stocks could also be weighing on markets today.
August 01, 2024 | 3:40 pm
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NEGATIVE IMPACT
Boeing's stock is experiencing weakness, contributing to the overall market decline.
Boeing's stock weakness is specifically mentioned as a factor weighing on the markets, indicating a direct impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The Dow Jones Industrial Average ETF (DIA) is lower due to weak US economic data and weakness in Boeing.
DIA is likely to be impacted by the overall market decline and specific weakness in Boeing, a major component of the Dow Jones Industrial Average.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The Nasdaq-100 ETF (QQQ) is lower due to weak US economic data and weakness in chip stocks.
QQQ is likely to be impacted by the overall market decline and specific weakness in chip stocks, which are significant components of the Nasdaq-100.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The S&P 500 ETF (SPY) is lower due to weak US economic data and overall market weakness.
SPY is likely to be impacted by the overall market decline driven by weak US economic data.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70