USA JOLTs Job Openings For August 9.610M Vs 8.800M Est.; 8.920M Prior
Portfolio Pulse from Benzinga Newsdesk
The USA JOLTs job openings for August were reported at 9.610 million, significantly higher than the estimated 8.800 million and the prior figure of 8.827 million.
October 03, 2023 | 2:01 pm
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The higher than expected job openings could indicate a stronger economy, which may positively impact the SPY ETF.
The SPY ETF tracks the S&P 500, which is a broad measure of the US stock market. A stronger economy, as indicated by higher than expected job openings, could lead to increased corporate earnings and therefore potentially higher stock prices. This could positively impact the SPY ETF.
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