President Biden Highlights Economic Growth In Third Quarter 2024 GDP Statement, Citing 12.6% Growth Since Taking Office, Record Job Creation, And Inflation Control Without Recession; Criticizes GOP's Tariff Proposal, Emphasizes Focus On Lowering Costs For Families And Growing Economy From Middle Out
Portfolio Pulse from Benzinga Newsdesk
President Biden announced a 12.6% GDP growth since taking office, highlighting record job creation and inflation control without a recession. He criticized the GOP's tariff proposal and emphasized focusing on lowering costs for families and growing the economy from the middle out.
October 30, 2024 | 2:24 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) may be influenced by President Biden's announcement of strong GDP growth and economic stability, as it reflects the overall market sentiment.
The SPY ETF, which tracks the S&P 500, is likely to be positively impacted by the announcement of strong GDP growth and economic stability, as these factors generally boost investor confidence in the market.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50