USA Existing Home Sales (MoM) For June -5.4% Vs -0.7% Prior
Portfolio Pulse from Benzinga Newsdesk
USA Existing Home Sales for June decreased by 5.4% compared to a 0.7% decrease in the previous month.
July 23, 2024 | 2:00 pm
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NEGATIVE IMPACT
The significant decline in USA Existing Home Sales for June by 5.4% could negatively impact the SPY ETF, as it reflects broader economic challenges.
The SPY ETF, which tracks the S&P 500, could be negatively impacted by the significant decline in existing home sales, as it reflects potential economic slowdowns that could affect a wide range of sectors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50