Michigan Consumer Sentiment For July 66.4 Vs 66.0 Est.; 68.2 Prior
Portfolio Pulse from Benzinga Newsdesk
The Michigan Consumer Sentiment Index for July came in at 66.4, slightly above the estimated 66.0 but below the prior month's 68.2.
July 26, 2024 | 2:00 pm
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NEUTRAL IMPACT
The Michigan Consumer Sentiment Index for July came in at 66.4, slightly above the estimated 66.0 but below the prior month's 68.2. This mixed sentiment could lead to short-term volatility in the SPY ETF.
The Michigan Consumer Sentiment Index is a key economic indicator that can influence market sentiment. The slight beat on estimates is positive, but the decline from the prior month could cause mixed reactions, leading to short-term volatility in SPY.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50