Manufacturing Production (MoM) (Sep) 0.4% vs 0.1% Est.
Portfolio Pulse from Benzinga Newsdesk
The Manufacturing Production for September has increased by 0.4%, surpassing the estimated 0.1%.
October 17, 2023 | 1:20 pm
News sentiment analysis
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POSITIVE IMPACT
The better-than-expected Manufacturing Production data may positively impact the SPY ETF, which tracks the S&P 500 index.
The SPY ETF, which tracks the S&P 500 index, could be positively impacted by the better-than-expected Manufacturing Production data. This is because strong manufacturing data is generally seen as a positive sign for the economy, which can boost investor sentiment and drive up stock prices.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75