NHC Says Hurricane Milton About 700 Miles (1130km) Southwest Of Tampa Florida; Maximum Sustained Winds 175 Mph (280Km/h)
Portfolio Pulse from Benzinga Newsdesk
Hurricane Milton is currently about 700 miles southwest of Tampa, Florida, with maximum sustained winds of 175 mph. This could potentially impact markets, especially those related to insurance and energy sectors.
October 07, 2024 | 5:37 pm
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NEUTRAL IMPACT
Hurricane Milton's approach could lead to market volatility, affecting SPY as it represents the S&P 500 index. Sectors like insurance and energy might see significant impacts.
SPY, as an ETF tracking the S&P 500, could experience volatility due to Hurricane Milton. The storm may affect sectors like insurance and energy, which are part of the index.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50