Housing Starts (Apr) 1.36M vs 1.42M Est.
Portfolio Pulse from Benzinga Newsdesk
Housing starts for April came in at 1.36 million, below the estimated 1.42 million. This shortfall may impact market sentiment, particularly in sectors related to housing and construction.
May 16, 2024 | 12:30 pm
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The SPDR S&P 500 ETF (SPY) may experience short-term volatility due to the lower-than-expected housing starts for April, which could affect market sentiment broadly.
The SPDR S&P 500 ETF (SPY) is a broad market ETF that can be influenced by macroeconomic indicators such as housing starts. The lower-than-expected housing starts may lead to concerns about economic growth, potentially causing short-term volatility in SPY.
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