US Average Hourly Earnings (MoM) (Nov) +4% vs +4% Est.
Portfolio Pulse from Benzinga Newsdesk
US Average Hourly Earnings for November showed a 4% month-over-month increase, aligning with the estimated 4%.
December 08, 2023 | 1:31 pm
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NEUTRAL IMPACT
The SPY ETF, which tracks the S&P 500, may see neutral short-term impact as the wage growth data met expectations without surprises.
Since the US Average Hourly Earnings for November matched the estimates, there are no unexpected economic indicators to drive significant market movements. The SPY ETF, which reflects the broader market, is likely to remain stable in the short term due to this anticipated data release.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50