CORRECTION: Durables Excluding Defense (MoM) (Jul) -5.4% vs 5.9% Prior
Portfolio Pulse from Benzinga Newsdesk
The month-on-month (MoM) Durable Goods Orders Excluding Defense for July has shown a decrease of 5.4%, compared to a prior increase of 5.9%.
August 24, 2023 | 12:47 pm
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NEGATIVE IMPACT
The decrease in Durable Goods Orders Excluding Defense could potentially impact the overall market, represented by SPY.
Durable Goods Orders Excluding Defense is a key economic indicator that can influence the overall market sentiment. A decrease in this indicator suggests a potential slowdown in the economy, which could negatively impact the overall market, represented by SPY.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75