USA Core Durable Goods Orders (MoM) For July -0.2% Vs 0.0% Est.; 0.1% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Core Durable Goods Orders for July decreased by 0.2%, missing the estimated 0.0% and down from the previous 0.1%. This indicates a potential slowdown in economic activity.
August 26, 2024 | 12:30 pm
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NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) may experience short-term volatility due to the unexpected decline in USA Core Durable Goods Orders for July, which suggests a potential slowdown in economic activity.
The decline in Core Durable Goods Orders suggests a potential slowdown in economic activity, which could negatively impact investor sentiment and lead to short-term volatility in SPY.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50