McHenry Says He Has No Doubt The Debt Ceiling Bill Will Pass The House
Portfolio Pulse from Benzinga Newsdesk
Representative Patrick McHenry stated that he has no doubt the debt ceiling bill will pass the House, according to Reuters.
May 30, 2023 | 5:47 pm
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POSITIVE IMPACT
The passing of the debt ceiling bill in the House may have a positive impact on the SPY ETF as it reduces uncertainty in the market.
The passing of the debt ceiling bill will reduce uncertainty in the market, which is generally positive for stocks. As SPY is an ETF that tracks the S&P 500, it is likely to be positively impacted by this news. However, the impact may not be significant as the debt ceiling bill is just one of many factors affecting the market.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50