Dallas Fed Mfg Business Index For October -19.2 Vs -18.1 Prior
Portfolio Pulse from Benzinga Newsdesk
The Dallas Fed Manufacturing Business Index for October has been reported at -19.2, a slight decrease compared to the previous month's -18.1.
October 30, 2023 | 2:30 pm
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NEGATIVE IMPACT
The Dallas Fed Manufacturing Business Index, a key economic indicator, has slightly decreased. This could potentially impact the overall market, including SPY.
The Dallas Fed Manufacturing Business Index is a key economic indicator. A decrease in this index suggests a slowdown in the manufacturing sector, which could potentially impact the overall market, including SPY. Therefore, the score is -1, indicating a potential decrease in SPY's price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75