US Jun. Trade Balance -73.1B vs -72.50B Est.
Portfolio Pulse from Benzinga Newsdesk
The US trade balance for June was reported at -$73.1 billion, slightly worse than the estimated -$72.50 billion.
August 06, 2024 | 12:30 pm
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The US trade balance for June was reported at -$73.1 billion, slightly worse than the estimated -$72.50 billion. This could indicate potential economic headwinds, which may impact the SPY ETF.
A worse-than-expected trade balance suggests potential economic challenges, which could negatively impact the SPY ETF in the short term as it reflects the overall market sentiment.
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IMPORTANCE 60
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