USA New Home Sales (MoM) For September 4.1% Vs -2.3% Prior (Revised)
Portfolio Pulse from Benzinga Newsdesk
The USA New Home Sales for September increased by 4.1%, a significant improvement from the revised -2.3% in the previous month. This positive change indicates a potential boost in the housing market.
October 24, 2024 | 2:04 pm
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The increase in USA New Home Sales by 4.1% for September suggests a positive impact on the broader market, potentially benefiting SPY as it reflects overall economic health.
SPY, as an ETF that tracks the S&P 500, is likely to be influenced by macroeconomic indicators such as new home sales. The 4.1% increase in sales suggests economic growth, which can positively affect the stock market and SPY.
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