US GDP (QoQ) (Q3) +2.8% vs +3% Est.
Portfolio Pulse from Benzinga Newsdesk
The US GDP for Q3 grew by 2.8% quarter-over-quarter, which is slightly below the estimated growth of 3%.
October 30, 2024 | 12:30 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may experience slight volatility due to the US GDP growth rate being below expectations.
SPY, which tracks the S&P 500, could be impacted by the GDP report as it reflects overall economic health. The slight miss in GDP growth may lead to minor market fluctuations, but the impact is not expected to be significant.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50