USA GDP Price Index (QoQ) For Q4 1.7% Vs 1.5% Est.; 3.3% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA GDP Price Index for Q4 showed a 1.7% increase, surpassing the estimated 1.5% and showing a decrease from the prior 3.3%.
February 28, 2024 | 1:31 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (SPY) may see short-term impact due to the latest GDP Price Index data indicating economic trends.
The GDP Price Index is a broad indicator of economic health and can influence investor sentiment. However, its direct impact on SPY, which tracks the S&P 500, may be moderated by other factors in the market. Therefore, while the data is positive, its effect on SPY is considered neutral in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75