CORRECTION: USA Core Durable Goods Orders (MoM) For September 0.4% Vs -0.1% Est.; 0.6% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Core Durable Goods Orders for September increased by 0.4%, surpassing the estimated -0.1% and slightly below the previous 0.6%.
October 25, 2024 | 12:33 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) may see a positive impact as the better-than-expected Core Durable Goods Orders suggest economic strength, potentially boosting investor confidence.
The SPY ETF, which tracks the S&P 500, is likely to be positively influenced by the stronger-than-expected durable goods orders. This economic indicator suggests increased business investment and consumer confidence, which can lead to higher stock prices.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50