USA Redbook YoY 5.8% Vs 5.3% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Redbook YoY growth rate increased to 5.8% from the previous 5.3%, indicating a stronger retail sales performance.
July 02, 2024 | 12:56 pm
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POSITIVE IMPACT
The increase in the USA Redbook YoY growth rate to 5.8% from 5.3% suggests stronger retail sales, which could positively impact the SPDR S&P 500 ETF (SPY) as it reflects overall economic health.
The SPDR S&P 500 ETF (SPY) is likely to benefit from the stronger retail sales indicated by the increase in the USA Redbook YoY growth rate, as it reflects overall economic health and consumer spending.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50