US NFIB May Small Business Index 89.4 vs 88.5 Est; 89 In Apr
Portfolio Pulse from Charles Gross
The US NFIB May Small Business Index increased to 89.4, beating the estimated 88.5 and showing an improvement from April's 89.
June 13, 2023 | 10:00 am
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The US NFIB May Small Business Index increased to 89.4, which may have a positive impact on the SPY ETF as it indicates an improving small business environment.
The US NFIB May Small Business Index increased to 89.4, beating the estimated 88.5 and showing an improvement from April's 89. This indicates a stronger small business environment, which may have a positive impact on the overall economy and the SPY ETF. The SPY ETF is designed to track the performance of the S&P 500, and a stronger small business environment may lead to better overall economic performance, potentially benefiting the ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50