USA Durables Excluding Defense (MoM) For July -5.5% Vs -5.4% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Durables Excluding Defense (MoM) for July has been reported at -5.5%, slightly worse than the prior figure of -5.4%.
September 05, 2023 | 2:01 pm
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NEGATIVE IMPACT
The slight worsening in the USA Durables Excluding Defense could potentially impact the SPY ETF, which tracks the S&P 500 index.
The USA Durables Excluding Defense is a key economic indicator that can influence market sentiment. A worsening figure could potentially lead to a negative impact on the broader market, which the SPY ETF tracks.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75