USA Trade Balance For August -70.40B Vs -70.10B Est.; -78.90B Prior
Portfolio Pulse from Benzinga Newsdesk
The USA's trade balance for August was reported at -$70.40 billion, slightly worse than the estimated -$70.10 billion, but an improvement from the prior -$78.90 billion.
October 08, 2024 | 12:30 pm
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The USA's trade balance for August was slightly worse than expected, which may impact the SPY ETF as it reflects the overall economic conditions.
The SPY ETF, which tracks the S&P 500, could be influenced by macroeconomic indicators like the trade balance. The slight miss in expectations may cause minor volatility, but the improvement from the previous month could offset negative sentiment.
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