Redbook U.S. Retail Sales +0.4% For Week Ended June 10 Vs Year Ago
Portfolio Pulse from Benzinga Newsdesk
Redbook reported a 0.4% increase in U.S. retail sales for the week ended June 10 compared to the same period last year.
June 13, 2023 | 12:56 pm
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POSITIVE IMPACT
The 0.4% increase in U.S. retail sales for the week ended June 10 may have a positive impact on the SPY ETF, reflecting the overall market sentiment.
The 0.4% increase in U.S. retail sales indicates a positive trend in consumer spending, which may lead to a positive impact on the overall market sentiment. As SPY ETF tracks the performance of the S&P 500, it may benefit from this positive news.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50