USA Core Durable Goods Orders (MoM) For August 0.5% Vs 0.1% Est.; -0.1% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Core Durable Goods Orders for August increased by 0.5%, surpassing the estimated 0.1% and improving from the previous -0.1%.
September 26, 2024 | 12:30 pm
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POSITIVE IMPACT
The better-than-expected increase in USA Core Durable Goods Orders for August could positively impact SPY, as it reflects economic strength.
SPY, an ETF that tracks the S&P 500, could benefit from the positive economic data, as stronger durable goods orders suggest economic resilience, potentially boosting investor confidence.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50