USA Wholesale Trade Sales (MoM) For July 0.8% Vs -0.2% Est.; -0.8% Prior
Portfolio Pulse from Benzinga Newsdesk
USA Wholesale Trade Sales for July increased by 0.8%, beating the estimated -0.2% and improving from the prior -0.8%.
September 08, 2023 | 2:00 pm
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POSITIVE IMPACT
The better-than-expected Wholesale Trade Sales data may have a positive impact on the SPY ETF, as it indicates a stronger economy.
Wholesale Trade Sales data is a key economic indicator. A higher than expected figure suggests a stronger economy, which is generally positive for the stock market and ETFs like SPY that track the market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75