Dallas Fed Texas Manufacturing Output Index 5.2 In October Vs 7.9 In September
Portfolio Pulse from Benzinga Newsdesk
The Dallas Fed Texas Manufacturing Output Index has dropped to 5.2 in October from 7.9 in September.
October 30, 2023 | 2:31 pm
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NEGATIVE IMPACT
The drop in the Dallas Fed Texas Manufacturing Output Index may impact the SPY ETF, which tracks the S&P 500.
The Dallas Fed Texas Manufacturing Output Index is a key indicator of economic health. A drop in the index could signal a slowdown in the manufacturing sector, which could negatively impact the overall economy and, by extension, the S&P 500 and the SPY ETF that tracks it.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70