Durables Ex Defense MoM For Nov 6.5% Vs 6.5% Prior
Portfolio Pulse from Benzinga Newsdesk
The Durables Ex Defense Month-over-Month (MoM) figure for November remained unchanged at 6.5%, the same as the prior month's figure.
January 05, 2024 | 3:02 pm
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NEUTRAL IMPACT
The unchanged Durables Ex Defense MoM figure suggests a stable economic environment, which could maintain investor confidence in the market, potentially benefiting SPY.
The Durables Ex Defense MoM figure is an economic indicator that can influence market sentiment. Since the figure remained the same, it suggests stability but does not provide a strong catalyst for movement in either direction. Therefore, the impact on SPY, which tracks the broader market, is likely to be neutral in the short term.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50