Retail Sales MoM For Sept. 0.4% Vs 0.3% Est., 0.1% Prior
Portfolio Pulse from Benzinga Newsdesk
Retail sales in the US for September increased by 0.4%, surpassing the estimated 0.3% and the previous month's 0.1% growth. This indicates a stronger consumer spending environment.
October 17, 2024 | 12:30 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) may see a positive impact as stronger-than-expected retail sales suggest a robust consumer spending environment, which could boost overall market sentiment.
The SPDR S&P 500 ETF (SPY) is likely to be positively impacted by the stronger retail sales data as it suggests a healthy consumer spending environment, which is a key driver for economic growth and can boost investor confidence in the market.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50