Market Analysis
US Third-Quarter GDP Trimmed to 4.9%, Jobless Claims Lower than Expected
Stocks opened higher on Thursday on the back of revised Q3 GDP data and soft jobless claims growth.
BTC$62,769.00-0.20%
ETH$1,795.23+0.98%
USDT$0.9988-0.02%
USDC$0.9999+0.01%
XRP$1.07-0.75%
SOL$75.21-1.19%
TRX$0.3248-0.76%
FIGR_HELOC$1.03+1.91%
HYPE$63.84-1.72%
DOGE$0.0721-0.02%
USDS$0.9999+0.02%
RAIN$0.0142-1.58%
LEO$9.55+0.30%
ZEC$507.33-1.11%
WBT$55.10+0.04%
BTC$62,769.00-0.20%
ETH$1,795.23+0.98%
USDT$0.9988-0.02%
USDC$0.9999+0.01%
XRP$1.07-0.75%
SOL$75.21-1.19%
TRX$0.3248-0.76%
FIGR_HELOC$1.03+1.91%
HYPE$63.84-1.72%
DOGE$0.0721-0.02%
USDS$0.9999+0.02%
RAIN$0.0142-1.58%
LEO$9.55+0.30%
ZEC$507.33-1.11%
WBT$55.10+0.04%
Driven by robust consumer spending, US GDP grew faster-than-anticipated in Q4 2023.
Stocks opened higher on Thursday on the back of revised Q3 GDP data and soft jobless claims growth.
US GDP grew at 4.9% annualized rate in Q3 2023, compared to 2.1% in Q2 and consensus estimates of 4.2%.
China's GDP grew at a faster pace than analysts anticipated in Q3, helped by a strong retail sector and higher consumer spending.
The macroeconomic narrative shifts from recession to soft landing.