May NFIB Small Business Optimism 90.5 vs 89.8 Est
Portfolio Pulse from Benzinga Newsdesk
The NFIB Small Business Optimism Index for May came in at 90.5, higher than the estimated 89.8. This indicates a positive sentiment among small businesses.
June 11, 2024 | 10:00 am
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POSITIVE IMPACT
The NFIB Small Business Optimism Index for May exceeded expectations, coming in at 90.5 compared to the estimated 89.8. This positive sentiment among small businesses could boost investor confidence in the broader market, potentially benefiting SPY.
The higher-than-expected NFIB Small Business Optimism Index suggests improved sentiment among small businesses, which can be a positive indicator for the overall economy. This could lead to increased investor confidence, potentially benefiting SPY in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50