USA Retail Inventories Ex Auto For June 0.2% Vs 0.2% Est.; 0.0% Prior
Portfolio Pulse from Benzinga Newsdesk
USA retail inventories excluding autos for June increased by 0.2%, matching the estimated growth and improving from the previous month's 0.0% change.
August 15, 2024 | 2:00 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) may see a positive impact as the increase in retail inventories excluding autos for June met expectations and showed improvement from the previous month.
The increase in retail inventories excluding autos indicates a stable retail sector, which is a positive signal for the broader market. SPY, being a broad market ETF, is likely to benefit from this stability.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50