USA Core Durable Goods Orders (MoM) For September -0.8% Vs -1.1% Est.; 0.8% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Core Durable Goods Orders for September decreased by 0.8%, which is better than the estimated decline of 1.1%, but worse than the previous month's increase of 0.8%.
October 25, 2024 | 12:30 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may experience slight volatility due to the better-than-expected USA Core Durable Goods Orders for September, which fell by 0.8% against an estimated -1.1%.
The SPY ETF, which tracks the S&P 500, may be influenced by macroeconomic indicators like durable goods orders. The better-than-expected result could stabilize market sentiment, but the decline from the previous month may limit positive impact.
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