NHC Says Hurricane Milton About 520 Mi (835 Km) Southwest Of Tampa Florida; Maximum Sustained Winds 150 Mph (240 Km/h)
Portfolio Pulse from Benzinga Newsdesk
Hurricane Milton is currently located 520 miles southwest of Tampa, Florida, with maximum sustained winds of 150 mph. This could potentially impact markets, especially those related to insurance and energy sectors.
October 08, 2024 | 2:56 pm
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NEUTRAL IMPACT
Hurricane Milton's approach could lead to market volatility, affecting SPY as it represents the broader market. Investors may see fluctuations due to potential disruptions in the insurance and energy sectors.
SPY, as an ETF representing the S&P 500, could experience volatility due to Hurricane Milton. The storm may disrupt sectors like insurance and energy, which are components of the index. However, the direct impact on SPY is uncertain, leading to a neutral score.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50