Retail Inventories Ex Auto For Jan. 0.3% Vs 0.4% Prior
Portfolio Pulse from Benzinga Newsdesk
Retail inventories excluding automobiles for January increased by 0.3%, slightly below the previous month's increase of 0.4%.
February 28, 2024 | 1:31 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (SPY) may experience minor fluctuations due to the reported slight decrease in retail inventories growth, as it reflects broader economic activity.
The SPDR S&P 500 ETF Trust (SPY) is sensitive to economic indicators as they reflect the overall health of the economy and consumer spending. However, the slight miss in retail inventories growth is not a strong enough indicator by itself to significantly impact the ETF's price in the short term.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50