Benzinga Market Summary: S&P Closes Higher On Consumer Sentiment Rise, Moody's Places Boeing's Rating On Review For Downgrade Amid Strike
Portfolio Pulse from Benzinga Newsdesk
The S&P 500 closed higher due to a rise in consumer sentiment, while Moody's placed Boeing's credit rating on review for a potential downgrade amid ongoing strikes.
September 13, 2024 | 8:06 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
The S&P 500 index closed higher driven by a rise in consumer sentiment.
The rise in consumer sentiment is a positive economic indicator, likely boosting investor confidence and leading to a short-term increase in the S&P 500 index.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Moody's has placed Boeing's credit rating on review for a potential downgrade due to the impact of ongoing strikes.
The review for downgrade by Moody's suggests potential financial instability or increased risk, likely leading to negative sentiment and a short-term decline in Boeing's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100