Existing Home Sales (MoM) For August -0.7% Vs -2.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The Existing Home Sales (MoM) for August decreased by 0.7%, which is less than the prior decrease of 2.2%.

September 21, 2023 | 2:00 pm
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NEUTRAL IMPACT
The SPY ETF, which tracks the S&P 500, may be indirectly affected by the Existing Home Sales data as it reflects the overall health of the economy.
The Existing Home Sales data is a key economic indicator that can influence the overall market sentiment. While the data is not directly related to any specific company, it can impact the broader market, including the SPY ETF which tracks the S&P 500. The smaller decrease in sales compared to the previous month may be seen as a positive sign, potentially stabilizing the market and indirectly affecting the SPY ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50