USA Goods Trade Balance For June -96.84B Vs -98.80B Est.; -99.37B Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Goods Trade Balance for June was reported at -$96.84 billion, better than the estimated -$98.80 billion and the prior -$99.37 billion.
July 24, 2024 | 12:30 pm
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POSITIVE IMPACT
The USA Goods Trade Balance for June was better than expected, which could positively impact the SPDR S&P 500 ETF (SPY) as it reflects a healthier economic environment.
A better-than-expected trade balance suggests a stronger economic environment, which can boost investor confidence and positively impact broad market ETFs like SPY.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50