Initial Jobless Claims 204K vs 215K Est.
Portfolio Pulse from Benzinga Newsdesk
The initial jobless claims have come in at 204K, which is lower than the estimated 215K.
September 28, 2023 | 12:30 pm
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POSITIVE IMPACT
The lower than expected jobless claims could potentially have a positive impact on the SPY ETF as it indicates a stronger labor market.
The SPY ETF tracks the S&P 500 index, which is influenced by the overall health of the US economy. Lower jobless claims indicate a stronger labor market, which could potentially boost the performance of the SPY ETF in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75