Newsig · Forex News
US September Philly Fed business index +37.8 vs +30.5 expected
Prior was +47.4Details:New orders 29.2 versus 30.1 last monthShipments 27.7 versus 27.7 last monthUnfilled orders 20.4 versus 14.4 last monthDelivery times 26.5 versus 3.7 last monthInventories -12.5 versus -3.7 last monthPrices paid 48.6 versus 40.9 last monthPrices received 31.3 versus 17.7 last m
Why it matters
SPY (SPDR S&P 500 ETF) · Why linked: Philly Fed manufacturing index is a key regional indicator of US economic health Market context: Bullish – the index beat expectations significantly, suggesting stronger-than-expected manufacturing activity
XLI (Industrial Select Sector) · Why linked: Manufacturing survey data directly impacts industrial sector outlook Market context: Bullish – strong Philly Fed index signals robust regional manufacturing activity
DXY (US Dollar Index) · Why linked: Stronger manufacturing data supports the US dollar on relative economic strength Market context: Bullish – beat on Philly Fed suggests resilient US economy, supporting dollar
How SPY usually react
This story is too recent for its own reaction record — we score each asset against the actual price move 24h after publication. These are the long-run figures across every event we have tracked for them.
| Asset | Events | Avg max move | Closed lower |
|---|---|---|---|
| SPY | 10 | +0.67% | 70% |
Curated by Newsig — News in. Signal out.
How the reaction data is measured · Editorial policy