USA Durables Excluding Defense (MoM) For March 2.3% Vs 1.5% Prior
Portfolio Pulse from Benzinga Newsdesk
USA Durables Excluding Defense for March increased by 2.3%, surpassing the previous month's 1.5%.
April 24, 2024 | 12:30 pm
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POSITIVE IMPACT
The increase in USA Durables Excluding Defense suggests stronger economic activity, potentially boosting investor confidence in markets, positively impacting SPY.
An increase in durable goods orders, excluding defense, indicates a healthy economic environment, which generally leads to higher investor confidence and market performance. As SPY is a broad market ETF that mirrors the S&P 500, positive economic indicators like this can lead to an uptick in its value in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75