US Retail Inventories Ex Auto (Sep) +0.3%
Portfolio Pulse from Benzinga Newsdesk
US retail inventories excluding autos increased by 0.3% in September.
October 26, 2023 | 12:32 pm
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POSITIVE IMPACT
The increase in retail inventories may indicate a potential increase in consumer spending, which could positively impact the broader market, including SPY.
Retail inventories are a key economic indicator. An increase suggests retailers are expecting higher consumer demand, which could lead to increased spending. This, in turn, could boost the broader market, including SPY, which is a broad market ETF.
CONFIDENCE 70
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