Reported Earlier: USA Building Permits For August 1.470M Vs 1.475M Est.; 1.406M Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Building Permits for August were reported at 1.470 million, slightly below the estimated 1.475 million and above the prior 1.406 million.
September 25, 2024 | 12:27 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may see a slight impact due to the building permits data, which came in slightly below expectations but showed growth from the previous month.
Building permits are an economic indicator that can influence market sentiment. The slight miss on expectations may cause minor fluctuations in SPY, but the growth from the previous month could offset negative sentiment.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 50