Goods Trade Balance For March -91.83B Vs -91.1B Expected; -91.84B Prior
Portfolio Pulse from Benzinga Newsdesk
The Goods Trade Balance for March was reported at -91.83B, slightly worse than the expected -91.1B but almost unchanged from the prior -91.84B.
April 25, 2024 | 12:30 pm
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NEUTRAL IMPACT
The SPY ETF, which tracks the performance of the S&P 500, may see minimal short-term impact from the Goods Trade Balance report as the figures came in close to expectations and previous month's data.
The Goods Trade Balance is a macroeconomic indicator that can influence market sentiment and economic outlook. However, the March report's figures being close to both expectations and the previous month's data suggest a stable economic environment, which is unlikely to cause significant volatility in the SPY ETF in the short term.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 50