U.S. Retail Group Urges White House To Intervene In West Coast Port Labor Negotiations
Portfolio Pulse from Benzinga Newsdesk
The U.S. Retail Group has urged the White House to intervene in the ongoing West Coast port labor negotiations, as reported by Reuters. The situation may impact supply chains and affect businesses.
June 05, 2023 | 6:18 pm
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The ongoing West Coast port labor negotiations may impact supply chains, potentially affecting businesses and the broader market, including the SPY ETF.
The ongoing labor negotiations at the West Coast ports may disrupt supply chains, leading to potential negative consequences for businesses and the broader market. As the SPY ETF tracks the S&P 500, it may be indirectly affected by these disruptions, causing a potential short-term negative impact on its price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50