GDP (QoQ) (Q2) +3% vs +2.8% Est.
Portfolio Pulse from Benzinga Newsdesk
The GDP for Q2 grew by 3% quarter-over-quarter, surpassing the estimated growth of 2.8%.
August 29, 2024 | 12:30 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) is likely to experience a positive impact as the Q2 GDP growth of 3% exceeded expectations, indicating a stronger economy.
The SPY ETF, which tracks the S&P 500, is likely to benefit from the better-than-expected GDP growth as it suggests a stronger economic environment, potentially boosting investor confidence and stock prices.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80