USA Durables Excluding Defense (MoM) For June -7.2% Vs -7.0% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Durables Excluding Defense (MoM) for June showed a decrease of 7.2%, compared to a prior decrease of 7.0%.
August 02, 2024 | 2:00 pm
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The USA Durables Excluding Defense (MoM) for June fell by 7.2%, slightly worse than the previous -7.0%. This could indicate a slowdown in economic activity, potentially impacting the SPY ETF.
The decline in durable goods orders excluding defense suggests a potential slowdown in economic activity, which could negatively impact the broader market and the SPY ETF in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50