USA Trade Balance For May -75.10B Vs -76.30B; -74.60B Prior
Portfolio Pulse from Benzinga Newsdesk
The USA trade balance for May was reported at -$75.10 billion, an improvement from the previous month's -$76.30 billion and slightly worse than the expected -$74.60 billion.
July 03, 2024 | 12:30 pm
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The USA trade balance for May was reported at -$75.10 billion, showing an improvement from April's -$76.30 billion but missing the expected -$74.60 billion. This mixed result may lead to slight volatility in SPY.
The trade balance data shows an improvement, which is generally positive for the economy. However, missing the expected figure could create some uncertainty, leading to potential short-term volatility in SPY.
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IMPORTANCE 60
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