USA CB Consumer Confidence For October 102.6 Vs 100 Est.; 104.3 Prior
Portfolio Pulse from Benzinga Newsdesk
The USA CB Consumer Confidence for October was reported at 102.6, slightly above the estimated 100, but lower than the previous month's 104.3.
October 31, 2023 | 2:00 pm
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POSITIVE IMPACT
The higher than expected consumer confidence could potentially have a positive impact on the SPY ETF, as it indicates a more optimistic economic outlook.
Consumer confidence is a key economic indicator that can influence stock market trends. A higher than expected figure suggests consumers are more optimistic about the economy, which can lead to increased spending and potentially boost stock prices, including the SPY ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75