Texas Services Sector Outlook For September -8.6 Vs -2.7 Prior
Portfolio Pulse from Benzinga Newsdesk
The outlook for the Texas services sector for September has worsened, with a reading of -8.6 compared to -2.7 in the prior month.
September 26, 2023 | 2:31 pm
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NEGATIVE IMPACT
The negative outlook for the Texas services sector may impact the SPY ETF, which tracks the S&P 500 and includes companies operating in this sector.
The SPY ETF tracks the S&P 500, which includes companies operating in the Texas services sector. A negative outlook for this sector suggests potential downward pressure on these companies, which could negatively impact the SPY ETF in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70