USA Pending Home Sales Index For April 72.3 Vs 78.2 Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Pending Home Sales Index for April dropped to 72.3 from 78.2 in the previous month, indicating a slowdown in the housing market.
May 30, 2024 | 2:00 pm
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The drop in the USA Pending Home Sales Index for April to 72.3 from 78.2 suggests a slowdown in the housing market, which could negatively impact the broader market sentiment.
The decline in the Pending Home Sales Index is a sign of a weakening housing market, which can affect consumer confidence and spending. This could lead to a broader market impact, potentially putting pressure on SPY.
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