USA Durable Goods Orders (MoM) For May 0.1% Vs -0.5% Est.; 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
USA Durable Goods Orders for May increased by 0.1%, surpassing the estimated -0.5% and slightly below the prior 0.2%.
June 27, 2024 | 12:30 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) may see a positive impact as the better-than-expected Durable Goods Orders for May indicate economic resilience.
The better-than-expected Durable Goods Orders suggest economic resilience, which is generally positive for the broader market. As SPY tracks the S&P 500, it is likely to benefit from this positive economic indicator.
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