USA Wholesale Inventories (MoM) For August 0.1% Vs 0.2% Est.; 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
USA wholesale inventories for August increased by 0.1%, which is below the estimated 0.2% and matches the prior month's increase. This data may influence market sentiment and economic outlook.
October 09, 2024 | 2:01 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 USA wholesale inventories for August, which could affect market sentiment.
The SPY ETF, which tracks the S&P 500, could be influenced by economic data such as wholesale inventories. The lower-than-expected increase may lead to mixed market reactions, but the impact is likely to be moderate.
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