USA Retail Control (MoM) For September 0.6% Vs 0.1% Est.; 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Retail Control for September has been reported at 0.6%, significantly higher than the estimated 0.1% and the prior figure of 0.2%.
October 17, 2023 | 12:31 pm
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POSITIVE IMPACT
The higher than expected USA Retail Control figure for September may positively impact the SPY ETF, as it indicates stronger consumer spending.
The SPY ETF, which tracks the S&P 500, may be positively impacted by the higher than expected USA Retail Control figure. This is because the figure indicates stronger consumer spending, which can drive economic growth and potentially boost stock market performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75