USA Redbook Retail Sales +5.3% Week End Oct 28 Vs Year Ago
Portfolio Pulse from Benzinga Newsdesk
USA Redbook Retail Sales report shows a 5.3% increase for the week ending October 28 compared to the same period last year.
October 31, 2023 | 12:58 pm
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POSITIVE IMPACT
The SPY ETF, which tracks the S&P 500, may be impacted by the positive retail sales data as it reflects the overall health of the US economy.
The SPY ETF tracks the S&P 500, which is a broad representation of the US stock market. Positive retail sales data indicates a healthy economy, which can lead to increased investor confidence and potentially a rise in the SPY ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50