USA Redbook (YoY) 4.5% Week End July 27; 4.9% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Redbook year-over-year growth for the week ending July 27 is reported at 4.5%, down from the previous week's 4.9%.
July 30, 2024 | 12:57 pm
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NEGATIVE IMPACT
The USA Redbook year-over-year growth for the week ending July 27 is reported at 4.5%, down from the previous week's 4.9%. This indicates a slight slowdown in retail sales growth, which could impact the broader market sentiment.
The SPDR S&P 500 ETF (SPY) is likely to be impacted by the reported slowdown in retail sales growth as indicated by the USA Redbook. A decrease from 4.9% to 4.5% suggests a cooling in consumer spending, which could weigh on market sentiment and potentially lead to a short-term decline in SPY.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80