President Biden Signs Bill Raising Debt Limit Into Law
Portfolio Pulse from Benzinga Newsdesk
President Biden has signed a bill raising the US debt limit, averting a potential default and allowing the government to continue borrowing. This move is expected to have a positive impact on the stock market.
June 03, 2023 | 5:53 pm
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POSITIVE IMPACT
The signing of the bill raising the US debt limit is expected to have a positive impact on the SPY ETF, as it reduces uncertainty and supports the stock market.
The signing of the bill raising the US debt limit averts a potential default, which would have had negative consequences for the stock market. This move reduces uncertainty and supports the stock market, which in turn is expected to have a positive impact on the SPY ETF.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80