USA New Home Sales (MoM) For September 12.3% Vs -8.2% Prior
Portfolio Pulse from Benzinga Newsdesk
USA New Home Sales for the month of September increased by 12.3%, compared to a decrease of 8.2% in the previous month.
October 25, 2023 | 2:17 pm
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The increase in new home sales could potentially boost the SPY ETF, as it indicates a stronger economy and increased consumer spending.
New home sales are a key economic indicator, reflecting consumer confidence and spending. A rise in new home sales suggests a stronger economy, which could potentially boost the SPY ETF, as it is a broad market index fund.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75