USA Retail Sales (MoM) For June 0.0% Vs -0.3% Est.; -0.3% Prior (Revised)
Portfolio Pulse from Benzinga Newsdesk
USA Retail Sales for June remained flat at 0.0%, which is better than the estimated -0.3% but lower than the prior month's 0.1%.
July 16, 2024 | 12:30 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) may see a neutral to slightly positive impact as USA Retail Sales for June came in better than expected at 0.0%, compared to the estimated -0.3%.
Retail sales data is a key economic indicator. The better-than-expected result (0.0% vs. -0.3% estimate) suggests a more resilient consumer sector, which could support broader market sentiment and positively impact SPY.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80