USA Existing Home Sales For July 3.95M Vs 3.94M Est.; 3.90M Prior
Portfolio Pulse from Benzinga Newsdesk
The USA's existing home sales for July were reported at 3.95 million, slightly above the estimated 3.94 million and higher than the previous month's 3.90 million.
August 22, 2024 | 2:00 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) may see a slight positive impact as the better-than-expected home sales data suggests a stable housing market, which can be a positive indicator for the broader economy.
The SPY ETF, which tracks the S&P 500, could benefit from positive economic indicators such as better-than-expected home sales. This suggests consumer confidence and economic stability, which are favorable for the stock market.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50