House Price Index (MoM) (Jul) + 0.1% vs +0.2% Est.,
Portfolio Pulse from Benzinga Newsdesk
The House Price Index for July increased by 0.1%, which is below the estimated 0.2%. This indicates a slower growth in house prices than expected.
September 24, 2024 | 1:00 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may experience slight volatility due to the lower-than-expected increase in the House Price Index, as it reflects on the broader economic conditions.
The SPY ETF, which tracks the S&P 500, could be influenced by economic indicators like the House Price Index. A lower-than-expected increase suggests slower economic growth, which might cause minor fluctuations in SPY's price.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 50