Retail Sales YoY For Aug. 2.10% Vs 2.66% Prior
Portfolio Pulse from Benzinga Newsdesk
Retail sales for August increased by 2.10% year-over-year, which is a slowdown compared to the 2.66% growth seen in the previous period.
September 17, 2024 | 12:32 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may experience a slight impact due to the slowdown in retail sales growth, as it reflects broader economic conditions.
SPY, as an ETF tracking the S&P 500, is influenced by overall economic indicators like retail sales. The slowdown in growth from 2.66% to 2.10% may suggest a cooling economy, but the impact on SPY is likely minor as it is diversified across sectors.
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