USA Redbook (YoY) 4.9%; 4.8% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Redbook Year-over-Year (YoY) growth rate has increased to 4.9% from the previous 4.8%.
July 23, 2024 | 12:55 pm
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POSITIVE IMPACT
The USA Redbook YoY growth rate has increased to 4.9% from 4.8%, indicating a slight improvement in retail sales. This could have a positive impact on the SPDR S&P 500 ETF (SPY) as it reflects overall economic health.
The increase in the USA Redbook YoY growth rate suggests a slight improvement in retail sales, which is a positive indicator for the overall economy. As SPY tracks the S&P 500, which includes a broad range of sectors, this improvement could lead to a positive short-term impact on SPY.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50