President Biden Says Manufacturing Grew Near 100% In The Last 2 Years
Portfolio Pulse from Happy Mohamed
President Biden has announced that manufacturing in the US has grown nearly 100% in the last two years. This growth could indicate a strong economy and potentially positive impacts on related stocks.
June 28, 2023 | 5:22 pm
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The SPDR S&P 500 ETF (SPY) could potentially benefit from the growth in US manufacturing, as it represents a broad swath of the US economy, including manufacturing sectors.
The SPDR S&P 500 ETF (SPY) is a broad-based ETF that represents the US economy. Given the significant growth in manufacturing, this could potentially lead to increased earnings for companies within the manufacturing sector, which could in turn lead to a rise in the SPY ETF. However, this is dependent on a variety of other factors, including overall market conditions.
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