US GDP (QoQ) (Q2) 2.4% vs 1.8% Est.
Portfolio Pulse from Bill Haddad
The US GDP for Q2 has outperformed estimates, coming in at 2.4% compared to the estimated 1.8%.
July 27, 2023 | 12:30 pm
News sentiment analysis
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POSITIVE IMPACT
The better-than-expected US GDP growth may positively impact DIA, an ETF tracking the Dow Jones Industrial Average.
DIA tracks the Dow Jones, which is sensitive to macroeconomic indicators such as GDP. A higher GDP indicates a stronger economy, which is generally positive for stocks.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The better-than-expected US GDP growth may positively impact IWM, an ETF tracking the Russell 2000 Index.
IWM tracks the Russell 2000, which is sensitive to macroeconomic indicators such as GDP. A higher GDP indicates a stronger economy, which is generally positive for stocks.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The better-than-expected US GDP growth may positively impact QQQ, an ETF tracking the NASDAQ-100 Index.
QQQ tracks the NASDAQ-100, which is sensitive to macroeconomic indicators such as GDP. A higher GDP indicates a stronger economy, which is generally positive for stocks.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The better-than-expected US GDP growth may positively impact SPY, an ETF tracking the S&P 500 Index.
SPY tracks the S&P 500, which is sensitive to macroeconomic indicators such as GDP. A higher GDP indicates a stronger economy, which is generally positive for stocks.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75