U.S. State Dept Official Says Government Shutdown Could Affect Shipments Of Weapons To Foreign Partners
Portfolio Pulse from Benzinga Newsdesk
A U.S. State Department official has warned that the ongoing government shutdown could potentially impact the shipments of weapons to foreign partners. This could affect companies involved in the defense sector.
September 19, 2023 | 3:43 pm
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The SPY ETF, which includes companies from the defense sector, could be indirectly affected by the potential disruption in weapon shipments due to the government shutdown.
The SPY ETF includes companies from various sectors, including defense. If the government shutdown leads to disruption in weapon shipments, it could potentially impact the performance of defense companies, and consequently, the SPY ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50