USA Retail Control (MoM) For August 0.3% Vs 0.3% Est.; 0.4% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Retail Control for August matched expectations at 0.3%, slightly down from the previous month's 0.4%. This data is crucial for understanding consumer spending trends.
September 17, 2024 | 12:30 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may see a neutral impact as the USA Retail Control for August met expectations at 0.3%, indicating stable consumer spending.
The USA Retail Control data is a key indicator of consumer spending, which affects the overall economy and, by extension, the S&P 500. Since the data met expectations, it suggests stability, leading to a neutral impact on SPY.
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