USA House Price Index (MoM) For June -0.1% Vs 0.1% Est.; 0.0% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA House Price Index for June showed a decrease of 0.1%, missing the estimated increase of 0.1% and down from the previous month's 0.0% change.
August 27, 2024 | 1:01 pm
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The SPDR S&P 500 ETF (SPY) may experience slight volatility due to the unexpected decline in the USA House Price Index for June, which could signal broader economic concerns.
The decline in the House Price Index could indicate potential economic weakness, which may affect investor sentiment towards the broader market, including SPY.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50