USA Trade Balance For July -78.80B Vs -78.80B Est.; -73.00B Prior
Portfolio Pulse from Benzinga Newsdesk
The USA's trade balance for July was reported at -$78.80 billion, matching the estimated figure and showing a decline from the previous month's -$73.00 billion.
September 04, 2024 | 12:30 pm
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NEGATIVE IMPACT
The USA's trade balance for July was -$78.80 billion, matching estimates but worse than June's -$73.00 billion. This could indicate potential economic headwinds, impacting SPY, which tracks the S&P 500.
The trade balance is a key economic indicator. A larger deficit than the previous month suggests potential economic challenges, which could negatively impact the broader market and SPY, an ETF tracking the S&P 500.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50