USA S&P/CS HPI Composite - 20 n.s.a. (MoM) For June 0.6%; 1.0% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA S&P/CS HPI Composite - 20 n.s.a. (MoM) for June showed a 0.6% increase, down from the 1.0% increase in the prior month. This data reflects a slowdown in the growth of housing prices.
August 27, 2024 | 1:00 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may experience slight volatility due to the slowdown in housing price growth, as indicated by the S&P/CS HPI Composite - 20 n.s.a. (MoM) for June.
The SPY ETF, which tracks the S&P 500, could be influenced by macroeconomic indicators like housing prices. A slowdown in housing price growth might affect investor sentiment, but the impact is likely to be minor given the broad nature of the ETF.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50