U.S. Majority Leader Schumer Says Need Bipartisanship To Avoid A Government Shutdown
Portfolio Pulse from Happy Mohamed
U.S. Majority Leader Schumer has called for bipartisanship to avoid a government shutdown. This political development could potentially impact the stock market.
September 06, 2023 | 2:19 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
The SPY ETF, which tracks the S&P 500, could be impacted by the potential government shutdown as it could lead to market volatility.
Government shutdowns can lead to increased market volatility as they introduce uncertainty into the economy. This can impact broad market indices like the S&P 500, which the SPY ETF tracks. Therefore, the potential for a shutdown could negatively impact the SPY ETF in the short term.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 75