US Q3 GDP (QoQ) +4.9% vs 4.3% Est.
Portfolio Pulse from Benzinga Newsdesk
The US Q3 GDP has outperformed estimates, coming in at 4.9% quarter-on-quarter compared to the estimated 4.3%.
October 26, 2023 | 12:30 pm
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POSITIVE IMPACT
The better-than-expected US Q3 GDP growth may positively impact the SPY ETF, which tracks the S&P 500 index.
The SPY ETF, which tracks the S&P 500 index, is likely to be positively impacted by the better-than-expected US Q3 GDP growth. Strong GDP growth generally indicates a healthy economy, which can boost investor confidence and lead to increased stock market activity.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75