Major indexes are higher following softer-than-expected Jul. PPI figures.
Portfolio Pulse from Benzinga Newsdesk
Major indexes are higher following softer-than-expected July Producer Price Index (PPI) figures.
August 13, 2024 | 12:44 pm
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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 July PPI figures.
Softer-than-expected PPI figures suggest lower inflationary pressures, which is generally positive for stock markets, including the Dow Jones Industrial Average.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The Russell 2000 ETF (IWM) is likely to benefit as major indexes rise due to softer-than-expected July PPI figures.
Lower-than-expected PPI figures indicate reduced inflationary pressures, which is favorable for smaller companies represented by the Russell 2000.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The Nasdaq-100 ETF (QQQ) is expected to see a positive impact as major indexes rise following softer-than-expected July PPI figures.
Softer-than-expected PPI figures suggest lower inflationary pressures, which is generally positive for tech-heavy indexes like the Nasdaq-100.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The S&P 500 ETF (SPY) is likely to see a positive impact as major indexes rise following softer-than-expected July PPI figures.
Softer-than-expected PPI figures suggest lower inflationary pressures, which is generally positive for broad market indexes like the S&P 500.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80