US Redbook Retail Sales YoY 5.3% Vs 5.9% Prior
Portfolio Pulse from Benzinga Newsdesk
US Redbook Retail Sales Year-over-Year (YoY) growth has slowed to 5.3% from the previous 5.9%.
June 25, 2024 | 12:55 pm
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NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) may experience short-term volatility due to the slowdown in US Redbook Retail Sales YoY growth from 5.9% to 5.3%.
The slowdown in retail sales growth could signal weaker consumer spending, which may negatively impact the broader market represented by SPY.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50