US Core Durable Goods Orders (MoM) (Mar) +0.2% vs +0.3% Est.
Portfolio Pulse from Benzinga Newsdesk
US Core Durable Goods Orders for March increased by 0.2%, slightly below the estimated 0.3%. This indicates a modest growth in demand for durable goods, which are items expected to last more than three years, such as appliances and vehicles.
April 24, 2024 | 12:30 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (SPY) may experience slight volatility following the release of the US Core Durable Goods Orders data, as it reflects broader economic activity which can influence investor sentiment.
The SPDR S&P 500 ETF Trust (SPY) is sensitive to economic indicators as they can affect overall market sentiment. Although the difference between the actual and estimated durable goods orders is minimal, it could still lead to short-term volatility in SPY as investors digest the implications for economic growth and corporate earnings.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75