Dallas Fed Mfg Business Index For October -3.0 Vs -9.0 Prior
Portfolio Pulse from Benzinga Newsdesk
The Dallas Fed Manufacturing Business Index for October improved to -3.0 from -9.0 in the previous month, indicating a less severe contraction in manufacturing activity.
October 28, 2024 | 2:31 pm
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The improvement in the Dallas Fed Manufacturing Business Index suggests a less severe contraction in manufacturing, which could positively influence the broader market sentiment and SPY.
The Dallas Fed Manufacturing Business Index is a regional economic indicator. An improvement from -9.0 to -3.0 suggests a less severe contraction, which can positively influence market sentiment. SPY, as an ETF tracking the S&P 500, may benefit from improved economic outlooks.
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