Core Durable Goods Orders (MoM) (Aug) 0.4% vs 0.1% Est.
Portfolio Pulse from Benzinga Newsdesk
Core Durable Goods Orders for August have increased by 0.4%, surpassing the estimated 0.1%.
September 27, 2023 | 12:30 pm
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POSITIVE IMPACT
The increase in Core Durable Goods Orders may positively impact the SPY ETF as it indicates a stronger economy.
Core Durable Goods Orders are 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 it.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75