USA Durables Excluding Defense (MoM) For September 5.7% Vs 5.8% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Durables Excluding Defense (MoM) for September was reported at 5.7%, slightly lower than the prior figure of 5.8%.
November 02, 2023 | 2:01 pm
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NEUTRAL IMPACT
The slight decrease in USA Durables Excluding Defense could potentially impact the SPY ETF, as it reflects the performance of the US economy.
The USA Durables Excluding Defense is an economic indicator that reflects the health of the US economy. A decrease in this figure could potentially indicate a slowdown in the economy, which could impact the performance of the SPY ETF, as it is designed to track the S&P 500 Index, a broad representation of the US stock market.
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