S&P Falls After In-Line CPI Data
Portfolio Pulse from Benzinga Newsdesk
The S&P 500 index fell following the release of Consumer Price Index (CPI) data that met expectations. This suggests that investors may have been hoping for a more favorable inflation report to boost market sentiment.
September 11, 2024 | 12:31 pm
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The SPDR S&P 500 ETF (SPY) experienced a decline as the S&P 500 index fell after CPI data met expectations. This indicates that investors were possibly anticipating a more favorable inflation report.
The SPY ETF tracks the S&P 500 index, which fell after the CPI data release. The in-line data suggests no surprise in inflation, which may have disappointed investors hoping for a more positive report to drive market gains.
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