U.S. Department Of Transportation Announces $3M In 'Quick Release' Emergency Relief Funding To Rebuild I-95 Highway In Philadelphia
Portfolio Pulse from Benzinga Newsdesk
The U.S. Department of Transportation has announced $3 million in 'Quick Release' emergency relief funding to rebuild the I-95 highway in Philadelphia.
June 15, 2023 | 3:08 pm
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NEUTRAL IMPACT
The $3 million emergency relief funding for I-95 highway reconstruction in Philadelphia may have a neutral impact on SPY.
The $3 million emergency relief funding is a relatively small amount and may not have a significant impact on the overall U.S. infrastructure sector. As SPY is a broad market ETF, the impact of this news on its performance is expected to be neutral.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50