USA Existing Home Sales For April 4.14M Vs 4.21M Est.; 4.22M Prior
Portfolio Pulse from Benzinga Newsdesk
USA Existing Home Sales for April came in at 4.14 million, below the estimated 4.21 million and the prior month's 4.22 million.
May 22, 2024 | 2:00 pm
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NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) may see a slight negative impact due to the lower-than-expected existing home sales for April, which could signal a cooling housing market and potential economic slowdown.
The lower-than-expected existing home sales could be seen as a sign of a cooling housing market, which may lead to concerns about economic growth. This could negatively impact the broader market, including SPY.
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