The NFIB Business Optimism Index in the USA fell to 98.8 from a previous level of 100.8, marking a decrease of 2 points. This decline indicates a lower level of confidence among small business owners compared to the previous period.
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The actual result of 98.8 was below the analyst estimate of 100.5, suggesting a more significant drop in optimism than anticipated. This unexpected decline may negatively impact the stock market, particularly affecting sectors reliant on small business activity, such as retail and consumer goods. The market impact is likely to be short-term as investors reassess sentiment and potential policy responses.