USA Existing Home Sales For May 4.11M Vs 4.08M Est.; 4.14M Prior
Portfolio Pulse from Benzinga Newsdesk
USA Existing Home Sales for May came in at 4.11 million, slightly above the estimated 4.08 million but below the prior month's 4.14 million.
June 21, 2024 | 2:00 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) may see a slight positive impact as the USA Existing Home Sales for May came in slightly above expectations, indicating a stable housing market.
The SPY ETF, which tracks the S&P 500, may benefit from the slightly better-than-expected home sales data, suggesting economic stability. However, the impact is likely to be modest as the figure is only marginally above estimates.
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