Durable Goods Orders (MoM) (Sep) -0.8% vs -1.1% Est.
Portfolio Pulse from Benzinga Newsdesk
The Durable Goods Orders for September decreased by 0.8%, which is better than the estimated decline of 1.1%. This indicates a slightly stronger demand for durable goods than anticipated.
October 25, 2024 | 12:30 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) may experience a positive impact as the better-than-expected Durable Goods Orders suggest a stronger economic environment, which could boost investor confidence.
The SPDR S&P 500 ETF (SPY) is likely to be positively impacted by the better-than-expected Durable Goods Orders. A smaller decline than anticipated suggests a stronger economic environment, which can boost investor confidence and potentially lead to a rise in stock prices.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50