USA Initial Jobless Claims 209K Vs 210K Est.
Portfolio Pulse from Benzinga Newsdesk
The initial jobless claims in the USA came in at 209K, slightly below the estimated 210K.
October 12, 2023 | 12:31 pm
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POSITIVE IMPACT
The SPY ETF, which tracks the S&P 500, may be positively impacted by the better-than-expected jobless claims data.
The SPY ETF is likely to be positively impacted by the better-than-expected jobless claims data as it suggests a healthier economy. A healthier economy generally leads to better corporate earnings, which can drive stock prices higher.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75