Market On Close Imbalance: $860M To Buy-Side
Portfolio Pulse from Benzinga Newsdesk
The market on close imbalance is leaning towards the buy-side with $860M. This indicates a potential increase in demand for stocks at the close of the market.
September 08, 2023 | 7:51 pm
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The SPDR S&P 500 ETF (SPY) could be impacted by the market on close imbalance. An increase in buy-side orders could potentially drive up the price of SPY shares.
The market on close imbalance indicates a higher demand for stocks. As SPY is a popular ETF that tracks the S&P 500, it could see an increase in its share price due to the increased demand.
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