US Trade Balance (Dec.) -62.20B vs -62B Est.
Portfolio Pulse from Benzinga Newsdesk
The US Trade Balance for December reported a deficit of $62.20 billion, slightly worse than the estimated $62 billion.
February 07, 2024 | 1:30 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (SPY) may experience short-term volatility due to the slightly worse than expected US Trade Balance for December.
The US Trade Balance is a significant economic indicator that can influence market sentiment and investor behavior. Although the deficit was only slightly worse than expected, it could lead to short-term volatility in the markets, affecting ETFs like SPY that track the overall market performance. However, the close proximity of the actual deficit to the estimated figure suggests that the impact may not be significantly negative, hence the neutral score.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70