U.S. House Passes FY24 Military Construction And Veterans Affairs Spending Bill, The First Of 12 Measures To Fund U.S. Government
Portfolio Pulse from Benzinga Newsdesk
The U.S. House of Representatives has passed the FY24 Military Construction and Veterans Affairs spending bill, marking the first of 12 measures to fund the U.S. government.
July 27, 2023 | 5:57 pm
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NEUTRAL IMPACT
The passing of the spending bill could potentially impact the SPY ETF, as government spending can influence the overall economy and market sentiment.
The SPY ETF tracks the S&P 500, which is a broad representation of the U.S. stock market. Any significant changes in government spending can influence the overall economy and market sentiment, which in turn can impact the performance of the S&P 500 and the SPY ETF. However, the direct impact of this specific spending bill on the SPY ETF is uncertain, hence the neutral score.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50