USA GDP Price Index (QoQ) For Q2 1.7% Vs 2.0% Est.; 4.1% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA GDP Price Index for Q2 has been reported at 1.7%, lower than the estimated 2.0% and significantly lower than the prior quarter's 4.1%.
September 28, 2023 | 12:32 pm
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NEGATIVE IMPACT
The lower than expected GDP Price Index could potentially impact the SPY ETF, as it reflects the overall performance of the US economy.
The SPY ETF tracks the S&P 500, which is a broad representation of the US stock market and, by extension, the US economy. A lower than expected GDP Price Index indicates a slower economic growth, which could potentially lead to a decrease in the value of the SPY ETF in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80