USA Wholesale Trade Sales (MoM) For October -1.3% Vs 2.0% Prior
Portfolio Pulse from Benzinga Newsdesk
USA Wholesale Trade Sales for October decreased by 1.3% compared to a 2.0% increase in the previous month, indicating a potential slowdown in wholesale trade activity.
December 07, 2023 | 3:01 pm
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The decrease in Wholesale Trade Sales could signal a broader economic slowdown, potentially impacting the SPDR S&P 500 ETF Trust (SPY) negatively in the short term.
Wholesale Trade Sales are a leading indicator of economic health. A decrease suggests lower demand and could lead to reduced investor confidence, potentially impacting the market and ETFs like SPY that track the overall market performance.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70