USA Export Price Index (MoM) For September -0.7% Vs -0.4; -0.9% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Export Price Index for September decreased by 0.7%, which is a larger decline than the expected 0.4% and follows a previous decline of 0.9%.
October 16, 2024 | 12:31 pm
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NEGATIVE IMPACT
The SPY ETF, which tracks the S&P 500, may be impacted by the larger-than-expected decline in the USA Export Price Index, as it reflects potential economic challenges.
The larger-than-expected decline in the Export Price Index suggests potential economic headwinds, which could negatively impact the broader market sentiment and, consequently, the SPY ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50