USA Durables Excluding Defense (MoM) For February 2.1% Vs 2.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Durables Excluding Defense (MoM) for February reported a slight decrease to 2.1% from the previous 2.2%.
April 02, 2024 | 2:00 pm
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NEUTRAL IMPACT
The slight decrease in USA Durables Excluding Defense may have a minimal impact on SPY as it reflects a marginal change in economic activity.
The change in USA Durables Excluding Defense is marginal, indicating a stable economic environment. SPY, being a broad market ETF, may see limited short-term impact from this specific data point.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50