U.S. House Is Not Expected To Vote On Biden Impeachment Inquiry
Portfolio Pulse from Benzinga Newsdesk
The U.S. House of Representatives is not expected to vote on the impeachment inquiry against President Biden, according to a spokesperson for House Minority Leader Kevin McCarthy.
September 12, 2023 | 3:58 pm
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NEUTRAL IMPACT
The news of no expected vote on the impeachment inquiry against President Biden may bring some stability to the market, potentially impacting the SPY ETF.
Political instability can often lead to market volatility. The news of no expected vote on the impeachment inquiry against President Biden may reduce political uncertainty, potentially bringing some stability to the market. This could have an indirect impact on the SPY ETF, which tracks the S&P 500 and is often used as a barometer for the overall U.S. stock market.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50