Market Minute: Robust nominal GDP is lifting long-term rates
Published . Updated .
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With both economic growth and inflation moving higher, we can expect high levels of interest rates.
Directly affected
- No company is named in this report.
Indirectly affected
- TLT iShares 20+ Year Treasury Bond ETF-1.2% 19d
iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “interest rates” (US interest rates) in this story.
- IEF iShares 7-10 Year Treasury Bond ETF-0.1% 19d
iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “interest rates” (US interest rates) in this story.
- TIP iShares TIPS Bond ETF+0.4% 19d
iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.
- WMT Walmart+20.2% 30d
Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
- JPM JPMorgan Chase+0.1% 30d
JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “interest rates” (US interest rates) in this story.
- COST Costco Wholesale+17.1% 30d
Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
- BAC Bank of America-11.4% 30d
Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “interest rates” (US interest rates) in this story.
- PG The Procter & Gamble+16.0% 30d
The Procter & Gamble (soap, detergents, cleang preparations, perfumes, cosmetics): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| TLT | +1.08% | +1.27% | base | -0.48% | after close | after close | after close |
| IEF | +0.67% | +0.89% | base | -0.28% | after close | after close | after close |
| TIP | +0.74% | +0.94% | base | -0.05% | after close | after close | after close |
| WMT | +2.97% | -0.02% | base | -1.30% | after close | after close | after close |
| JPM | +2.98% | -2.21% | base | -0.11% | after close | after close | after close |
| COST | -1.85% | -1.20% | base | +1.05% | after close | after close | after close |
| BAC | +1.83% | -2.53% | base | -0.28% | after close | after close | after close |
| PG | -0.74% | -1.92% | base | -0.99% | after close | after close | after close |
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 Minute: Robust nominal GDP is lifting long-term rates The Real Economy Blog
Source: The Real Economy Blog
The price since 11 Nov 2026: Spdr Dow Jones Industrial Average Etf Trust (DIA) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| BAC | that day | -0.28% | still updating |
| BAC | three days earlier | -2.53% | final price |
| BAC | five days earlier | +1.83% | final price |
| COST | that day | +1.05% | still updating |
| COST | three days earlier | -1.20% | final price |
| COST | five days earlier | -1.85% | final price |
| IEF | that day | -0.28% | still updating |
| IEF | three days earlier | +0.89% | final price |
| IEF | five days earlier | +0.67% | final price |
| JPM | that day | -0.11% | still updating |
| JPM | three days earlier | -2.21% | final price |
| JPM | five days earlier | +2.98% | final price |
| PG | that day | -0.99% | still updating |
| PG | three days earlier | -1.92% | final price |
| PG | five days earlier | -0.74% | final price |
| TIP | that day | -0.05% | still updating |
| TIP | three days earlier | +0.94% | final price |
| TIP | five days earlier | +0.74% | final price |
| TLT | that day | -0.48% | still updating |
| TLT | three days earlier | +1.27% | final price |
| TLT | five days earlier | +1.08% | final price |
| WMT | that day | -1.30% | still updating |
| WMT | three days earlier | -0.02% | final price |
| WMT | five days earlier | +2.97% | final price |
Congressional trades in the stocks in this story
- Sen. John Boozman bought IEF (jointly held), worth $1,001 - $15,000 on 9 Sep 2026. That is 63 days before publication. Filed 21 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Walmart (WMT) (held by a dependent child), worth $15,001 - $50,000 on 13 Oct 2026. That is 29 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Walmart (WMT) (held by a spouse), worth $1,001 - $15,000 on 7 Oct 2026. That is 35 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Pete Sessions sold Walmart (WMT) (held by a spouse), worth $50,001 - $100,000 on 2 Oct 2026. That is 40 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a dependent child), worth $1,001 - $15,000 on 15 Oct 2026. That is 27 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a spouse), worth $100,001 - $250,000 on 8 Oct 2026. That is 34 days before publication. Filed 5 Nov 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM) (held by a spouse), worth $15,001 - $50,000 on 4 Sep 2026. That is 68 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Pete Sessions sold Costco Wholesale (COST), worth $100,001 - $250,000 on 13 Oct 2026. That is 29 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Costco Wholesale (COST) (held by a spouse), worth $1,001 - $15,000 on 12 Oct 2026. That is 30 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna bought Costco Wholesale (COST) (held by a spouse), worth $1,001 - $15,000 on 7 Oct 2026. That is 35 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna bought Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 20 Oct 2026. That is 22 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a dependent child), worth $1,001 - $15,000 on 13 Oct 2026. That is 29 days before publication. Filed 5 Nov 2026. View the filing.
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).
Who gains and who loses around Spdr Dow Jones Industrial Average Etf Trust (DIA)
Companies carried with this story
- DIA Spdr Dow Jones Industrial Average Etf Trust
Spdr Dow Jones Industrial Average Etf Trust (DIA) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Market Minute: Robust nominal GDP is lifting long-term rates.” Reason on file: SPDR Dow Jones Industrial Average ETF: it is a broad US stock-market fund. Linked by “gdp” (the broad US market) in this story
- QQQ Invesco Qqq Trust, Series 1
In “Market Minute: Robust nominal GDP is lifting long-term rates,” Invesco Qqq Trust, Series 1 (QQQ) is linked, with no stored direction, medium confidence. Reason on file: Invesco QQQ: it is a broad US stock-market fund. Linked by “gdp” (the broad US market) in this story
- IWM Ishares Tr
Ishares Tr (IWM) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Market Minute: Robust nominal GDP is lifting long-term rates.” Reason on file: iShares Russell 2000 ETF: it is a broad US stock-market fund. Linked by “gdp” (the broad US market) in this story
- RSP Invesco Exchange Traded Fd T
Invesco Exchange Traded Fd T (RSP) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Market Minute: Robust nominal GDP is lifting long-term rates.” Reason on file: Invesco S&P 500 Equal Weight ETF: it is a broad US stock-market fund. Linked by “gdp” (the broad US market) in this story
- VTI Vanguard Index Fds
For “Market Minute: Robust nominal GDP is lifting long-term rates,” Vanguard Index Fds (VTI) is linked, with no stored direction, medium confidence. Reason on file: Vanguard Total Stock Market ETF: it is a broad US stock-market fund. Linked by “gdp” (the broad US market) in this story
How “Market Minute: Robust nominal GDP is lifting long-term rates” reaches Spdr Dow Jones Industrial Average Etf Trust (DIA)
On 11 Nov 2026, “Market Minute: Robust nominal GDP is lifting long-term rates” is the story that connects Spdr Dow Jones Industrial Average Etf Trust (DIA) to this story.
What ties Spdr Dow Jones Industrial Average Etf Trust (DIA) to the headline is this: SPDR Dow Jones Industrial Average ETF: it is a broad US stock-market fund. Linked by “gdp” (the broad US market) in this story
Invesco Qqq Trust, Series 1 (QQQ) is here too. Its reason reads: Invesco QQQ: it is a broad US stock-market fund. Linked by “gdp” (the broad US market) in this story
The price range for Spdr Dow Jones Industrial Average Etf Trust (DIA), and the dates in the story
DIA traded between 504.92 and 522.62 across 13 sessions. The latest close on file is 515.65. IWM traded between 269.88 and 285.25 across 20 sessions. The latest close on file is 279.20. QQQ traded between 680.34 and 757.18 across 20 sessions. The latest close on file is 685.32.
What the saved facts support for Spdr Dow Jones Industrial Average Etf Trust (DIA)
40 out of 100Price not final
“Market Minute: Robust nominal GDP is lifting long-term rates” scores 40 out of 100. The score uses 1 sources, and 5 linked companies. The price is not final yet.