USA Existing Home Sales (MoM) For April -1.9% Vs -3.7% Prior
Portfolio Pulse from Benzinga Newsdesk
USA Existing Home Sales for April decreased by 1.9% compared to a 3.7% decline in the previous month. This indicates a slower rate of decline in the housing market.
May 22, 2024 | 2:00 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may experience minor fluctuations due to the slower decline in existing home sales, reflecting a potentially stabilizing housing market.
The slower decline in existing home sales suggests a potential stabilization in the housing market, which could have a minor impact on the broader market represented by SPY.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50