Major indexes are mixed ahead of the close as some tech stocks rise but financials fall.
Portfolio Pulse from Benzinga Newsdesk
Major indexes show mixed performance with tech stocks rising and financials falling.
September 10, 2024 | 7:58 pm
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POSITIVE IMPACT
The QQQ ETF, which tracks the Nasdaq-100, may see a positive impact due to the rise in tech stocks.
The QQQ ETF is heavily weighted towards technology stocks. As tech stocks rise, QQQ is likely to benefit in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The SPY ETF, representing the S&P 500, may experience mixed effects due to the rise in tech and fall in financials.
SPY includes both tech and financial stocks. The rise in tech may offset the fall in financials, leading to a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70