USA Factory Orders (MoM) For March 1.6% Vs 1.6% Est.; 1.2% Prior
Portfolio Pulse from Benzinga Newsdesk
USA Factory Orders for March increased by 1.6%, matching the estimated 1.6% and showing an improvement from the previous 1.2%.
May 02, 2024 | 2:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The SPY ETF, which tracks the performance of the S&P 500, may see positive short-term movement as the matching factory orders indicate steady economic growth.
Factory orders are a key economic indicator. A match with estimates suggests economic stability, which generally supports market confidence and can lead to positive movements in broad market ETFs like SPY.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70