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Full steam ahead: US GDP growth accelerates in Q3

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Full steam ahead: US GDP growth accelerates in Q3

US Q3 GDP accelerated to 3.4% (q/q SAAR), driven by strong growth. Growth was driven by strong consumer spending and business investment.

Directly affected

  • No company is named in this report.

Indirectly affected

  • XRT SPDR S&P Retail ETF

    SPDR S&P Retail ETF: it holds retailers. Linked by “consumer” (retail and consumer goods) in this story.

  • XLY Consumer Discretionary Select Sector SPDR+2.2% 19d

    Consumer Discretionary Select Sector SPDR: it holds retailers. Linked by “consumer” (retail and consumer goods) in this story.

  • WMT Walmart+11.3% 30d

    Walmart (variety stores): retailers move with shopper spending and import costs. Linked by “consumer” (retail and consumer goods) in this story.

  • AMZN Amazon.com+1.4% 30d

    Amazon.com (catalog and mail-order houses): retailers move with shopper spending and import costs. Linked by “consumer” (retail and consumer goods) in this story.

  • COST Costco Wholesale+9.9% 30d

    Costco Wholesale (variety stores): retailers move with shopper spending and import costs. Linked by “consumer” (retail and consumer goods) in this story.

  • TGT Target-6.1% 30d

    Target (variety stores): retailers move with shopper spending and import costs. Linked by “consumer” (retail and consumer goods) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
XRTNo price data for this ticker———————
XLYNo price data for this ticker———————
WMTNo price data for this ticker———————
AMZNNo price data for this ticker———————
COSTNo price data for this ticker———————
TGTNo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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Full steam ahead: US GDP growth accelerates in Q3 www.rbc.com

Source: www.rbc.com

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

How solid “Full steam ahead: US GDP growth accelerates in Q3” looks

12 out of 100

“Full steam ahead: US GDP growth accelerates in Q3” scores 12 out of 100. The score uses 1 sources.