USA Average Hourly Earnings (MoM) For October 0.2% Vs 0.3% Est.; 0.3% Prior
Portfolio Pulse from Benzinga Newsdesk
USA Average Hourly Earnings for October increased by 0.2%, which is lower than the estimated 0.3% and the prior 0.3%.
November 03, 2023 | 12:32 pm
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NEGATIVE IMPACT
The lower than expected increase in USA Average Hourly Earnings could potentially impact the SPY ETF.
The SPY ETF, which tracks the S&P 500, could be impacted by the lower than expected increase in USA Average Hourly Earnings. This is because the earnings data is a key economic indicator that can influence market sentiment and therefore the value of the ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50