USA Wholesale Inventories (MoM) For June 0.2% Vs 0.2% Est.; 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
USA Wholesale Inventories for June increased by 0.2%, matching both the estimate and the prior month's increase.
August 08, 2024 | 2:00 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) is likely to see a neutral impact as the USA Wholesale Inventories for June increased by 0.2%, matching both the estimate and the prior month's increase.
The wholesale inventory data met expectations and did not deviate from the prior month's increase, suggesting stability in the economic indicator. This is likely to result in a neutral impact on SPY.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50