USA Existing Home Sales (MoM) For May 0.2% Vs -3.2% Est.
Portfolio Pulse from Happy Mohamed
USA existing home sales for May increased by 0.2%, beating the estimated decline of 3.2%.
June 22, 2023 | 2:03 pm
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POSITIVE IMPACT
The better-than-expected existing home sales data for May could have a positive impact on the SPY ETF.
The better-than-expected existing home sales data for May indicates a stronger housing market, which could positively impact the overall economy and the SPY ETF, which tracks the S&P 500 index.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75