USA Wholesale Inventories (MoM) For November -0.2% Vs -0.2% Est.; -0.4% Prior
Portfolio Pulse from Benzinga Newsdesk
USA Wholesale Inventories for November decreased by 0.2%, aligning with the estimated -0.2% and showing a smaller decline compared to the -0.4% in the prior month.
January 10, 2024 | 3:00 pm
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NEUTRAL IMPACT
The SPY ETF, which tracks the S&P 500, may experience minimal short-term impact due to the alignment of the Wholesale Inventories data with estimates.
Since the Wholesale Inventories data came in as expected, there is typically no significant surprise to the markets, which often results in a neutral response. However, as inventories can be an indicator of future production and economic activity, the data is still relevant to investors in the SPY ETF.
CONFIDENCE 75
IMPORTANCE 30
RELEVANCE 50