USA Business Inventories (MoM) For March -0.1% Vs 0.0% Est.; 0.4% Prior
Portfolio Pulse from Benzinga Newsdesk
USA Business Inventories for March decreased by 0.1% compared to the estimated 0.0% and the previous month's 0.4% increase.
May 15, 2024 | 2:00 pm
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NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) may experience short-term volatility due to the unexpected decline in USA Business Inventories for March, which fell by 0.1% against an estimate of 0.0%.
The decline in business inventories suggests a potential slowdown in economic activity, which could negatively impact investor sentiment and lead to short-term volatility in the SPY ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50