Building Permits (MoM) (Mar) -4.3%
Portfolio Pulse from Benzinga Newsdesk
The Building Permits (MoM) for March showed a decrease of 4.3%, indicating a slowdown in the construction sector. This data could have implications for the broader economy and potentially affect market sentiment.
April 16, 2024 | 12:30 pm
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The SPDR S&P 500 ETF Trust (SPY) may experience short-term volatility due to the negative building permits data, as it reflects broader economic health.
Building permits are a leading indicator of economic health, affecting construction and related sectors. A decrease could signal a slowdown, potentially impacting investor sentiment and causing short-term volatility in broad market ETFs like SPY.
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