NHC Says Hurricane Milton About 100 Mi (155 Km) Southwest Of Tampa Florida; Maximum Sustained Winds 125 Mph (205 Km/h)
Portfolio Pulse from Benzinga Newsdesk
Hurricane Milton is currently located about 100 miles southwest of Tampa, Florida, with maximum sustained winds of 125 mph. The storm's proximity to Florida could have implications for businesses and markets in the region.
October 09, 2024 | 8:00 pm
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NEGATIVE IMPACT
Hurricane Milton's approach to Florida could impact the broader market, including SPY, due to potential disruptions in business operations and economic activities in the region.
The SPY ETF, which tracks the S&P 500, could be affected by Hurricane Milton as it may cause disruptions in Florida, impacting companies within the index. However, the overall impact on SPY might be limited unless the hurricane causes significant economic damage.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50