USA Pending Home Sales Index For September 72.6 Vs 71.8 Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Pending Home Sales Index for September was reported at 72.6, slightly higher than the prior figure of 71.8.
October 26, 2023 | 2:00 pm
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POSITIVE IMPACT
The slight increase in the Pending Home Sales Index may have a positive impact on the SPY ETF, as it indicates a healthy real estate market which is a key component of the economy.
The Pending Home Sales Index is a leading indicator of economic health. A rise in the index suggests that the real estate market is healthy, which can have a positive impact on the broader economy and therefore on the SPY ETF, which tracks the S&P 500.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70