US June Trade Balance $(65.5B) vs $(65B) Est.
Portfolio Pulse from Benzinga Newsdesk
The US trade balance for June was reported at $(65.5B), slightly worse than the estimated $(65B).
August 08, 2023 | 12:30 pm
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NEGATIVE IMPACT
The worse than expected US trade balance for June may have a slight negative impact on the SPY ETF, which tracks the S&P 500 index.
The SPY ETF, which tracks the S&P 500 index, could be negatively impacted by worse than expected economic indicators like the trade balance. A worse than expected trade balance could indicate a slowing economy, which could lead to a decrease in stock prices.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50