USA Retail Inventories Ex Auto For June 0.2%
Portfolio Pulse from Benzinga Newsdesk
USA retail inventories excluding autos increased by 0.2% in June, indicating a modest growth in retail stock levels.
July 24, 2024 | 12:31 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) may see a slight positive impact due to the modest growth in retail inventories excluding autos, reflecting a stable retail sector.
The 0.2% increase in retail inventories excluding autos suggests stability in the retail sector, which could positively influence the broader market represented by SPY.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50