USA Retail Sales (MoM) For October -0.1% Vs -0.3% Est.; 0.9% Prior
Portfolio Pulse from Benzinga Newsdesk
USA Retail Sales for October decreased by 0.1%, which is better than the estimated decline of 0.3%, but lower than the previous month's increase of 0.9%.
November 15, 2023 | 1:31 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
The SPDR S&P 500 ETF Trust (SPY) could see a neutral to slightly positive impact as the retail sales data suggests a resilient consumer sector, which may support market sentiment.
Retail sales figures are a key economic indicator that can influence market sentiment and the performance of broad market ETFs like SPY. The better-than-expected retail sales data suggests that consumers are still spending despite economic uncertainties, which could be a positive sign for the overall health of the economy and thus potentially beneficial for the stock market in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70