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.
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USDT$0.9988-0.01%
USDC$0.9998+0.00%
XRP$1.10-3.16%
SOL$68.97-5.07%
TRX$0.3301-0.45%
FIGR_HELOC$1.04+0.35%
HYPE$62.57-7.36%
DOGE$0.079-5.01%
USDS$0.99960.00%
RAIN$0.0157+4.11%
LEO$9.54-0.17%
ZEC$417.90-7.62%
XLM$0.1932-6.36%
BTC$62,533.00-3.27%
ETH$1,660.02-4.47%
USDT$0.9988-0.01%
USDC$0.9998+0.00%
XRP$1.10-3.16%
SOL$68.97-5.07%
TRX$0.3301-0.45%
FIGR_HELOC$1.04+0.35%
HYPE$62.57-7.36%
DOGE$0.079-5.01%
USDS$0.99960.00%
RAIN$0.0157+4.11%
LEO$9.54-0.17%
ZEC$417.90-7.62%
XLM$0.1932-6.36%
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.