U.S. Revises 11-Week Jobless Claims To 223K
Portfolio Pulse from Benzinga Newsdesk
The U.S. has revised its jobless claims for the past 11 weeks to 223,000. This adjustment could impact market sentiment and investor behavior.
May 23, 2024 | 12:39 pm
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NEUTRAL IMPACT
The revision of U.S. jobless claims to 223K over the past 11 weeks could influence the SPDR S&P 500 ETF (SPY) as it reflects broader economic conditions.
The SPDR S&P 500 ETF (SPY) is likely to be influenced by the revision of jobless claims as it reflects broader economic conditions. However, the impact may be neutral in the short term as the market digests this information.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50