USA Existing Home Sales (MoM) For September -2.0% Vs -0.7% Prior
Portfolio Pulse from Benzinga Newsdesk
USA Existing Home Sales for the month of September have decreased by 2.0%, compared to a decrease of 0.7% in the prior month.
October 19, 2023 | 2:00 pm
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NEGATIVE IMPACT
The decrease in USA Existing Home Sales may impact the SPY ETF, as it reflects the overall health of the US economy.
The SPY ETF tracks the S&P 500, which is a broad representation of the US stock market and economy. A decrease in existing home sales could indicate a slowing economy, which may negatively impact the SPY ETF in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75