U.S. House Republican Leadership Postpones Procedural Vote Needed To Begin Debate On FY24 Defense Appropriations Bill
Portfolio Pulse from Benzinga Newsdesk
The U.S. House Republican leadership has postponed the procedural vote needed to begin debate on the FY24 Defense Appropriations Bill, according to Reuters.
September 13, 2023 | 4:07 pm
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NEUTRAL IMPACT
The postponement of the procedural vote on the FY24 Defense Appropriations Bill may cause uncertainty in the market, potentially affecting the SPY ETF.
The SPY ETF, which tracks the S&P 500, could be affected by this news due to its broad exposure to the U.S. market. The delay in the vote could cause uncertainty, which often leads to market volatility. However, the direct impact on SPY is uncertain as it depends on how investors interpret this news and its potential implications on defense spending.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50