Nonfarm Payrolls (Jul) 187K vs 200K Est.
Portfolio Pulse from Benzinga Newsdesk
The Nonfarm Payrolls for July came in at 187K, which is lower than the estimated 200K.
August 04, 2023 | 3:19 pm
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NEGATIVE IMPACT
The lower than expected Nonfarm Payrolls could potentially impact the SPY ETF negatively in the short term.
The SPY ETF, which tracks the S&P 500, could be negatively impacted by the lower than expected Nonfarm Payrolls. This is because the Nonfarm Payrolls is a key economic indicator that can influence market sentiment. A lower than expected figure could signal a slowing economy, which could lead to a decrease in stock prices.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80