House Price Index For April 401.2 Vs 402.1 Expected
Portfolio Pulse from Benzinga Newsdesk
The House Price Index for April came in at 401.2, lower than the expected 402.1.
June 27, 2023 | 1:01 pm
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NEGATIVE IMPACT
The lower-than-expected House Price Index for April may have a slight negative impact on the SPY ETF.
The House Price Index is an indicator of the health of the housing market, which can affect the overall economy. A lower-than-expected index may signal a weaker housing market, potentially impacting the broader stock market and the SPY ETF.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50