Durables Excluding Defense (MoM) (Sep) -1.1%
Portfolio Pulse from Benzinga Newsdesk
The report indicates that durable goods orders, excluding defense, decreased by 1.1% in September. This decline suggests a potential slowdown in economic activity, which could impact market sentiment.
October 25, 2024 | 12:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The decline in durable goods orders excluding defense by 1.1% in September may negatively impact SPY, as it reflects a potential slowdown in economic activity, which could affect overall market sentiment.
SPY, as an ETF that tracks the S&P 500, is sensitive to economic indicators. A decline in durable goods orders suggests reduced business investment and consumer spending, which can lead to a negative market outlook.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50