{"id":73810,"date":"2026-10-29T08:38:10","date_gmt":"2026-10-29T12:38:10","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/us-economy-shows-resilience-as-q3-gdp-beats-estimates-mastercard-tops-earnings\/73810\/"},"modified":"2026-10-29T08:38:10","modified_gmt":"2026-10-29T12:38:10","slug":"us-economy-shows-resilience-as-q3-gdp-beats-estimates-mastercard-tops-earnings","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/us-economy-shows-resilience-as-q3-gdp-beats-estimates-mastercard-tops-earnings\/73810\/","title":{"rendered":"US Economy Shows Resilience as Q3 GDP Beats Estimates; Mastercard Tops Earnings"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>US Q3 GDP grew at an annualized rate of 3.4%<\/strong>, surpassing economist estimates of 3.2% and marking a significant acceleration from the previous quarter&#39;s 2.2%.<\/li>\n<li><strong>Inflationary pressures showed signs of cooling<\/strong> as the GDP Price Index fell to 2.3% (vs. 3.2% expected), while the annual PCE Price Index moderated to 3.1%.<\/li>\n<li><strong>Mastercard (<a href=\"\/stock\/MA\">MA<\/a>) reported strong Q3 results<\/strong>, with adjusted EPS of $5.31 and revenue of $9.8 billion both beating Wall Street expectations.<\/li>\n<li><strong>The US labor market remains tight<\/strong> as initial jobless claims held steady at 194,000, coming in lower than the 198,000 forecast by analysts.<\/li>\n<li><strong>China Vanke reported a narrowed Q3 net loss of \u00a58.99 billion<\/strong>, showing improvement from the \u00a516.1 billion loss recorded in the same period last year.<\/li>\n<\/ul>\n<p>The US economy demonstrated robust health in the third quarter of 2026, according to advance estimates. <strong>Real GDP increased at an annual rate of 3.4%<\/strong>, driven largely by <strong>personal consumption growth of 3.8%<\/strong>. This performance suggests the economy remains resilient despite high interest rates, comfortably beating the 3.2% consensus estimate.<\/p>\n<p>Inflation data released alongside the GDP report provided a mixed but generally cooling outlook. The <strong>Core PCE Price Index for September rose 0.3% month-over-month<\/strong>, bringing the annual rate to 3.1%. While the annual figure is down from 3.4% previously, it remains slightly above the Federal Reserve&#39;s long-term targets, though the <strong>GDP Price Index slowed sharply to 2.3%<\/strong>.<\/p>\n<p>In the corporate sector, Mastercard (<a href=\"\/stock\/MA\">MA<\/a>) shares are in focus after the payments giant delivered a beat on both top and bottom lines. The company posted <strong>net revenue of $9.8 billion<\/strong>, up from estimates of $9.67 billion, supported by an <strong>11% increase in cross-border transaction volumes<\/strong>. This suggests that global consumer spending and travel demand remain durable.<\/p>\n<p>The labor market continues to show strength, with <strong>initial jobless claims for the week ending October 24 coming in at 194,000<\/strong>. This was lower than the anticipated 198,000, while <strong>continuing claims dropped to 1.701 million<\/strong>, indicating that displaced workers are finding new employment relatively quickly.<\/p>\n<p>In international developments, the Chinese property sector remains under pressure, though China Vanke (<a href=\"\/stock\/000002\">000002<\/a>) showed signs of stabilizing losses. The developer reported a <strong>Q3 net loss of \u00a58.99 billion<\/strong>, a significant reduction from the \u00a516.1 billion loss a year ago. However, the company still faces liquidity challenges with a <strong>9-month net cash loss from operating activities of \u00a52.22 billion<\/strong>.<\/p>\n<p>Elsewhere in Europe, political shifts are underway as German Chancellor Merz announced that the <strong>process to find a successor for ECB President Christine Lagarde<\/strong> is expected to be completed by year-end. Meanwhile, the Swiss government has reportedly conducted assessments on how UBS (<a href=\"\/stock\/UBS\">UBS<\/a>) would operate under different legal jurisdictions should the bank decide to relocate its headquarters.<\/p>\n<p>In the commodities market, <strong>spot <a href=\"https:\/\/stockmarketwatch.com\/metal\/silver\" data-internallinksmanager029f6b8e52c=\"5\" title=\"silver price today\">silver<\/a> prices saw a sharp decline of 3%<\/strong>, falling to <strong>$52.40 per ounce<\/strong>. This move comes amidst a strengthening US dollar following the better-than-expected GDP data, which may influence the Federal Reserve&#39;s upcoming interest rate decisions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways US Q3 GDP grew at an annualized rate of 3.4%, surpassing economist estimates of 3.2% and marking a 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