US Existing Home Sales MoM For May -0.7% Vs -1.9% Prior
Portfolio Pulse from Benzinga Newsdesk
US existing home sales for May decreased by 0.7%, an improvement from the prior month's decline of 1.9%.
June 21, 2024 | 2:00 pm
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The SPDR S&P 500 ETF (SPY) may see a slight positive impact as the decline in existing home sales for May was less severe than the previous month, indicating a potential stabilization in the housing market.
The smaller decline in existing home sales suggests a potential stabilization in the housing market, which could positively influence investor sentiment and the broader market represented by SPY.
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