Retail Inventories Ex Auto For April 0.3% Vs -0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
Retail inventories excluding autos for April increased by 0.3%, compared to a decrease of 0.2% in the previous month.
May 30, 2024 | 12:30 pm
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POSITIVE IMPACT
The increase in retail inventories excluding autos for April by 0.3% suggests a potential improvement in the retail sector, which could positively impact the SPDR S&P 500 ETF (SPY).
The rise in retail inventories excluding autos indicates a potential recovery in the retail sector, which is a significant component of the S&P 500 index. This could lead to a positive short-term impact on SPY.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50