S&P/CS HPI Composite - 20 n.s.a. (YoY) For April 7.2% Vs 7.0% Est.; 7.5% Prior
Portfolio Pulse from Benzinga Newsdesk
The S&P/Case-Shiller Home Price Index Composite for 20 cities (YoY) for April came in at 7.2%, higher than the estimated 7.0% but lower than the prior 7.5%.
June 25, 2024 | 1:00 pm
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NEUTRAL IMPACT
The S&P/Case-Shiller Home Price Index Composite for 20 cities (YoY) for April came in at 7.2%, higher than the estimated 7.0% but lower than the prior 7.5%. This could indicate a mixed sentiment in the housing market, potentially affecting the SPY ETF.
The S&P/Case-Shiller Home Price Index is a key indicator of the housing market's health. A higher-than-expected figure is positive, but the decline from the prior month may temper enthusiasm. This mixed signal could lead to neutral short-term impact on SPY.
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