Goods Trade Balance (Apr)-96.77B vs -85.70B Est.
Portfolio Pulse from Benzinga Newsdesk
The US Goods Trade Balance for April was reported at -$96.77 billion, significantly worse than the estimated -$85.70 billion.
May 26, 2023 | 12:37 pm
News sentiment analysis
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NEGATIVE IMPACT
The worse-than-expected US Goods Trade Balance for April may negatively impact the SPY ETF in the short term.
The US Goods Trade Balance is an important economic indicator that can influence market sentiment. A worse-than-expected result may lead to concerns about the health of the US economy, which could negatively impact the SPY ETF, as it tracks the performance of the S&P 500 Index.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75