U.S. Wholesale Inventories (MoM) -0.2% Vs -0.2% Est.; -0.4% Prior
Portfolio Pulse from Benzinga Newsdesk
U.S. wholesale inventories decreased by 0.2% month-over-month, aligning with estimates and showing a smaller decline compared to the previous month's 0.4% drop.
December 28, 2023 | 1:31 pm
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NEUTRAL IMPACT
The SPY ETF, which tracks the S&P 500, may see limited short-term impact as the wholesale inventory data came in as expected, indicating no major surprises to market participants.
Wholesale inventory levels can influence market expectations about the economy's health. However, since the data met expectations, it is unlikely to cause significant market movements. The SPY ETF, which is a broad market indicator, may not be heavily impacted by this data alone unless it is part of a larger economic trend.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 50