USA GDP (QoQ) For Q2 2.1% Vs 2.1% Est.; 2.0% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA GDP for Q2 has been reported at 2.1%, matching the estimated figure and showing a slight increase from the prior 2.0%.
September 28, 2023 | 12:30 pm
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NEUTRAL IMPACT
The reported GDP figure, which is in line with estimates, may have a neutral impact on the SPY ETF, as it indicates a steady economic environment.
The GDP figure is a key indicator of economic health. Since the reported figure is in line with estimates, it suggests that the economy is performing as expected, which may not lead to significant changes in the SPY ETF in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50