Major indexes are lower following mostly in-line August CPI figures.
Portfolio Pulse from Benzinga Newsdesk
Major indexes are experiencing a decline after the release of mostly in-line August CPI figures, indicating a potential market reaction to inflation data.
September 11, 2024 | 12:32 pm
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NEGATIVE IMPACT
The Dow Jones Industrial Average ETF (DIA) is likely to be impacted by the decline in major indexes following the August CPI figures.
DIA tracks the Dow Jones Industrial Average, which is part of the major indexes that are declining due to the CPI figures. This suggests a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The iShares Russell 2000 ETF (IWM) may experience a decline as part of the broader market reaction to the August CPI figures.
IWM represents the Russell 2000 index, which is likely to be affected by the overall market decline following the CPI release.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The Invesco QQQ Trust (QQQ) is likely to be negatively impacted as major indexes decline following the August CPI figures.
QQQ tracks the Nasdaq-100, which is part of the major indexes experiencing a decline due to the CPI figures, indicating a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
The SPDR S&P 500 ETF Trust (SPY) is likely to see a decline as major indexes react to the August CPI figures.
SPY tracks the S&P 500, which is part of the major indexes declining due to the CPI figures, suggesting a negative short-term impact.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90