ISM Non-Manufacturing Prices For August 58.9 Vs 56.8 Prior
Portfolio Pulse from Benzinga Newsdesk
The ISM Non-Manufacturing Prices for August have increased to 58.9 from 56.8 in the previous month.
September 06, 2023 | 2:00 pm
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POSITIVE IMPACT
The increase in ISM Non-Manufacturing Prices may indicate a strengthening economy, which could potentially impact the SPY ETF positively.
The ISM Non-Manufacturing Prices Index measures the change in prices paid for non-manufacturing goods and services. An increase in this index indicates a potential strengthening of the economy, which could lead to a rise in the stock market and therefore a positive impact on the SPY ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50