Core Retail Sales (MoM) (Jun) +0.4% vs +0.1% Est.
Portfolio Pulse from Benzinga Newsdesk
Core Retail Sales for June increased by 0.4%, surpassing the estimated 0.1%.
July 16, 2024 | 12:30 pm
News sentiment analysis
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POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) is likely to see a positive impact as stronger-than-expected retail sales indicate robust consumer spending, which is a positive signal for the overall economy.
The SPY ETF, which tracks the S&P 500, is likely to benefit from stronger retail sales as it indicates healthy consumer spending, a key driver of economic growth.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The SPDR S&P Retail ETF (XRT) is expected to benefit from the better-than-expected retail sales data, reflecting stronger performance in the retail sector.
The XRT ETF, which focuses on the retail sector, is likely to see a positive impact from the stronger-than-expected retail sales, indicating better performance in the sector.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90