NFIB Small Business Optimism For June 91.0 Vs 89.9 Est; 89.4 Previous
Portfolio Pulse from Charles Gross
The NFIB Small Business Optimism index for June came in at 91.0, higher than the estimated 89.9 and the previous month's 89.4.
July 11, 2023 | 10:07 am
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POSITIVE IMPACT
The higher-than-expected NFIB Small Business Optimism index could potentially boost investor confidence, possibly impacting the SPY ETF positively.
The NFIB Small Business Optimism index is a key economic indicator. A higher-than-expected reading suggests that small businesses are more optimistic about the economy, which could boost investor confidence and potentially lead to an increase in the SPY ETF, which tracks the S&P 500.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75