President Biden Says Artillery Shells In Short Supply In Ukraine, Working On That Issue Now; Says Ukraine Will Not Be In NATO For A While
Portfolio Pulse from Benzinga Newsdesk
President Biden has stated that Ukraine is currently facing a shortage of artillery shells and that the US is working on resolving this issue. However, he also mentioned that Ukraine will not be joining NATO anytime soon.
July 12, 2023 | 5:55 pm
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The news may indirectly affect SPY as it tracks a broad-based index and geopolitical tensions can influence overall market sentiment.
While SPY is not directly mentioned, it is a broad-based ETF that can be influenced by geopolitical events. The ongoing situation in Ukraine and its potential impact on global security can affect overall market sentiment, which in turn can influence the performance of SPY.
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