Wholesale Inventories (MoM) For April 0.1% Vs 0.2% Est.; -0.4% Prior
Portfolio Pulse from Benzinga Newsdesk
Wholesale inventories for April increased by 0.1%, falling short of the 0.2% estimate and showing a decrease from the previous month's -0.4%.
June 07, 2024 | 2:00 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may experience minor fluctuations due to the lower-than-expected increase in wholesale inventories for April, which came in at 0.1% versus the 0.2% estimate.
The slight miss in wholesale inventory growth is not a major economic indicator but could cause minor market reactions. SPY, being a broad market ETF, might see some short-term volatility.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50