US Housing Starts (Sep) 1.354M vs 1.35M Est.
Portfolio Pulse from Benzinga Newsdesk
The US housing starts for September were reported at 1.354 million, slightly above the estimated 1.35 million. This indicates a marginally stronger housing market than anticipated.
October 18, 2024 | 12:30 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) may see a slight positive impact due to the marginally better-than-expected US housing starts, suggesting a stable economic environment.
The SPY ETF, which tracks the S&P 500, could be positively influenced by the better-than-expected housing starts as it suggests economic stability, which is generally favorable for the stock market.
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