S&P Says U.S. Recession Risk Still Elevated Amid Uncertain Growth Prospects
Portfolio Pulse from Benzinga Newsdesk
S&P Global Ratings has stated that the risk of a U.S. recession remains high due to uncertain growth prospects. The agency did not provide specific details on how this might impact the stock market.
September 20, 2023 | 6:24 pm
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S&P's warning of a potential U.S. recession could lead to increased market volatility, potentially impacting the SPY ETF, which tracks the S&P 500 index.
The SPY ETF tracks the S&P 500 index, which is a broad representation of the U.S. stock market. If the risk of a U.S. recession increases, it could lead to increased market volatility and potentially negatively impact the value of the SPY ETF.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 75