USA Existing Home Sales (MoM) For September -1.0% Vs -2.0% Prior (Revised)
Portfolio Pulse from Benzinga Newsdesk
The USA's existing home sales for September decreased by 1.0%, an improvement from the previously revised -2.0%. This indicates a slower decline in the housing market compared to the prior month.
October 23, 2024 | 2:00 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) may see a slight positive impact as the slower decline in home sales suggests a stabilizing housing market, which could boost investor confidence.
The SPY ETF, which tracks the S&P 500, could be positively influenced by the slower decline in home sales. A stabilizing housing market may improve economic sentiment, potentially benefiting the broader market.
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