Market On Close Imbalance: $4.5B To Buy-Side
Portfolio Pulse from Benzinga Newsdesk
The market on close imbalance is leaning towards the buy-side with $4.5 billion. This indicates a higher demand for stocks at the close of the market, which could potentially drive up prices.
July 18, 2023 | 7:52 pm
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The SPY ETF, which tracks the S&P 500, could potentially see an increase in price due to the market on close imbalance leaning towards the buy-side.
The market on close imbalance indicates the net value of buy and sell orders at the close of the market. In this case, there is a $4.5 billion imbalance leaning towards the buy-side, indicating a higher demand for stocks. This could potentially drive up the price of stocks, including the SPY ETF which tracks the S&P 500.
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