USA Export Price Index (MoM) For February 0.8% Vs 0.2% Est.; 0.9% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Export Price Index for February showed an increase of 0.8%, surpassing the estimated 0.2% and the previous month's 0.9%.
March 15, 2024 | 12:32 pm
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The rise in the USA Export Price Index may indicate stronger economic activity, potentially leading to positive sentiment in the market and benefiting SPY.
An increase in the Export Price Index suggests that the prices for U.S. exports are rising, which could be a sign of stronger demand for U.S. goods abroad. This can lead to positive economic indicators and potentially boost investor sentiment towards U.S. equities, including those represented by SPY.
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