USA Trade Balance For February -68.90B Vs -66.90B Est.; -67.60B Prior
Portfolio Pulse from Benzinga Newsdesk
The USA trade balance for February reported a deficit of $68.90 billion, exceeding the estimated deficit of $66.90 billion and the previous month's deficit of $67.60 billion.
April 04, 2024 | 12:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The wider-than-expected trade deficit may lead to negative sentiment among investors, potentially impacting SPY as it reflects the broader market.
A higher trade deficit can be perceived negatively by the market as it indicates more imports than exports, potentially weakening the dollar and affecting companies within SPY. This could lead to a decrease in investor confidence in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75