USA Wholesale Trade Sales (MoM) For December 0.7% Vs -0.1% Prior
Portfolio Pulse from Benzinga Newsdesk
USA Wholesale Trade Sales for December showed a month-on-month increase of 0.7%, compared to a decrease of -0.1% in the previous month.
February 08, 2024 | 3:00 pm
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POSITIVE IMPACT
The positive report on Wholesale Trade Sales suggests a stronger economic activity, which could lead to a positive sentiment among investors in the SPY ETF.
Wholesale Trade Sales are a key indicator of economic health, influencing investor sentiment. A positive change suggests increased economic activity, potentially leading to higher consumer and business spending. This can positively impact the broad market indices, including SPY, which tracks the S&P 500.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80