S&P/CS HPI Composite - 20 n.s.a. (YoY) For May 6.8% Vs 6.5% Est.; 7.3% Prior
Portfolio Pulse from Benzinga Newsdesk
The S&P/Case-Shiller Home Price Index Composite for 20 cities (YoY) for May came in at 6.8%, higher than the estimated 6.5% but lower than the prior 7.3%.
July 30, 2024 | 1:01 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The S&P/Case-Shiller Home Price Index Composite for 20 cities (YoY) for May came in at 6.8%, higher than the estimated 6.5% but lower than the prior 7.3%. This could indicate a mixed sentiment in the housing market, potentially affecting the SPY ETF.
The S&P/Case-Shiller Home Price Index is a key indicator of the housing market's health. A higher-than-expected index suggests strength, but the decline from the prior month indicates some cooling. This mixed data could lead to neutral short-term movements in SPY.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80