Goods Orders Non Defense Ex Air MoM For August 0.9% Vs 0.0% Est.
Portfolio Pulse from Benzinga Newsdesk
The Goods Orders Non Defense Ex Air MoM for August increased by 0.9%, beating the estimate of 0.0%.
September 27, 2023 | 12:31 pm
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POSITIVE IMPACT
The better-than-expected Goods Orders Non Defense Ex Air MoM for August may positively impact the SPY ETF, as it indicates a stronger economy.
The Goods Orders Non Defense Ex Air MoM 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 it.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75