USA New Home Sales For June 617K Vs 639K Est.; 621K Prior
Portfolio Pulse from Benzinga Newsdesk
USA new home sales for June came in at 617K, below the estimated 639K and also lower than the prior month's 621K.
July 24, 2024 | 2:00 pm
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The SPDR S&P 500 ETF (SPY) may see a short-term impact due to the lower-than-expected new home sales for June, which could signal a slowing housing market and potential economic concerns.
The SPY ETF, which tracks the S&P 500, could be affected by the disappointing new home sales data. Lower home sales may indicate a slowing economy, which can negatively impact investor sentiment and broader market performance.
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