US House Price Index MoM For April 0.2% Vs 0.3% Est; 0.1% Prior
Portfolio Pulse from Benzinga Newsdesk
The US House Price Index for April increased by 0.2%, which is below the estimated 0.3% but higher than the previous month's 0.1%.
June 25, 2024 | 1:00 pm
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NEUTRAL IMPACT
The US House Price Index for April increased by 0.2%, which is below the estimated 0.3% but higher than the previous month's 0.1%. This could indicate a slower-than-expected recovery in the housing market, potentially affecting the broader market sentiment.
The US House Price Index is a key economic indicator that can influence market sentiment. The slight miss in the estimate may lead to a neutral impact on SPY as it shows a mixed signal of slower-than-expected recovery but still an improvement from the previous month.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50