Dallas Fed Services Revenues For October 9.2 Vs 10.1 Prior
Portfolio Pulse from Benzinga Newsdesk
The Dallas Fed Services Revenues index for October decreased to 9.2 from 10.1 in the previous period, indicating a slowdown in the growth of the services sector in the Dallas region.
October 29, 2024 | 2:30 pm
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The decrease in the Dallas Fed Services Revenues index may indicate a broader economic slowdown, potentially impacting the SPY ETF, which tracks the S&P 500.
The Dallas Fed Services Revenues index is a regional economic indicator. A decrease suggests a slowdown in the services sector, which could reflect broader economic trends. SPY, as an ETF tracking the S&P 500, may be impacted by such economic signals.
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