U.S. House Republicans Fail To Move Forward On Defense Spending As Shutdown Looms
Portfolio Pulse from Benzinga Newsdesk
U.S. House Republicans have failed to advance defense spending, raising concerns about a potential government shutdown. This could impact the overall market, including ETFs like SPY.
September 19, 2023 | 7:32 pm
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NEGATIVE IMPACT
The potential government shutdown could negatively impact the overall market, including SPY.
Government shutdowns typically create uncertainty in the market, which can lead to a decrease in stock prices. As SPY is a broad market ETF, it is likely to be impacted by such macroeconomic events.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 75