USA Dallas Fed Services Revenues For September 10.1; 8.7 Prior
Portfolio Pulse from Benzinga Newsdesk
The Dallas Fed Services Revenues for September increased to 10.1 from a prior 8.7, indicating growth in the services sector.
October 01, 2024 | 2:31 pm
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POSITIVE IMPACT
The increase in Dallas Fed Services Revenues to 10.1 from 8.7 suggests a positive economic outlook, which could benefit broad market ETFs like SPY.
The rise in services revenues suggests economic growth, which is generally positive for broad market ETFs like SPY. This could lead to increased investor confidence and potential upward movement in SPY's price.
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