ISM Non-Manufacturing Business Activity For March 57.4 Vs 56.7 Est.; 57.2 Prior
Portfolio Pulse from Benzinga Newsdesk
The ISM Non-Manufacturing Business Activity index for March reported a value of 57.4, surpassing the estimated 56.7 and the previous month's 57.2, indicating a stronger than expected performance in the non-manufacturing sector.
April 03, 2024 | 2:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The SPDR S&P 500 ETF Trust (SPY) may see a positive short-term impact due to the stronger than expected ISM Non-Manufacturing Business Activity index for March, as it reflects broader economic strength.
The ISM Non-Manufacturing Business Activity index is a key economic indicator that reflects the health of the non-manufacturing sector. A higher than expected reading suggests economic strength, which generally supports equity markets and could lead to a positive impact on the SPDR S&P 500 ETF Trust (SPY), as it is a broad measure of the U.S. stock market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75