USA Trade Balance For August -58.30B Vs -62.30B Est.; -64.70B Prior
Portfolio Pulse from Benzinga Newsdesk
The USA trade balance for August was reported at -$58.30 billion, better than the estimated -$62.30 billion and the prior figure of -$64.70 billion.
October 05, 2023 | 12:30 pm
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POSITIVE IMPACT
The better-than-expected trade balance could have a positive impact on the SPY ETF, as it indicates a healthier US economy.
The trade balance is a key economic indicator. A better-than-expected figure suggests a healthier economy, which could lead to increased investor confidence and a potential rise in the SPY ETF, which tracks the S&P 500 and is a broad measure of the US stock market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75