Major indexes are lower amid a rise in the 10-year Treasury yield.
Portfolio Pulse from Benzinga Newsdesk
Major stock indexes are experiencing a decline due to an increase in the 10-year Treasury yield.
October 07, 2024 | 3:38 pm
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NEGATIVE IMPACT
The Dow Jones Industrial Average ETF (DIA) is likely to be negatively impacted by the rise in the 10-year Treasury yield, as it contributes to the overall decline in major stock indexes.
The rise in the 10-year Treasury yield typically leads to higher borrowing costs and can negatively affect stock prices, including those in the Dow Jones Industrial Average.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The iShares Russell 2000 ETF (IWM) is likely to be negatively impacted by the increase in the 10-year Treasury yield, contributing to the decline in major stock indexes.
Higher Treasury yields can lead to increased borrowing costs, which may negatively impact smaller companies represented in the Russell 2000 index.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The Invesco QQQ Trust (QQQ) is likely to be negatively impacted by the rise in the 10-year Treasury yield, as it affects major stock indexes.
Rising Treasury yields can lead to higher discount rates for future earnings, negatively impacting growth stocks in the Nasdaq-100 index.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The SPDR S&P 500 ETF Trust (SPY) is likely to be negatively impacted by the increase in the 10-year Treasury yield, contributing to the decline in major stock indexes.
Higher Treasury yields can lead to increased borrowing costs and affect the valuation of stocks in the S&P 500 index.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80