USA Core Retail Sales (MoM) For September 0.5% Vs 0.1% Est.; 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Core Retail Sales for September increased by 0.5%, surpassing the estimated 0.1% and the previous month's 0.2%.
October 17, 2024 | 12:30 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) may experience a positive impact due to the stronger-than-expected USA Core Retail Sales for September, which suggests consumer spending is robust.
The SPY ETF, which tracks the S&P 500, is likely to benefit from the positive retail sales data as it suggests economic strength and consumer confidence, potentially leading to higher corporate revenues and earnings.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50