USA Core Durable Goods Orders (MoM) For April 0.4% Vs 0.1% Est.; 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
USA Core Durable Goods Orders for April increased by 0.4%, surpassing the estimated 0.1% and the prior 0.2%.
May 24, 2024 | 12:30 pm
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POSITIVE IMPACT
The increase in USA Core Durable Goods Orders for April to 0.4%, higher than the estimated 0.1% and the prior 0.2%, indicates stronger economic activity, which could positively impact the SPY ETF.
The better-than-expected increase in durable goods orders suggests stronger economic activity, which is generally positive for broad market indices like the S&P 500, tracked by SPY.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80