'McCarthy Says House To Be In Friday, Saturday To Work On Spending Impasse'
Portfolio Pulse from Benzinga Newsdesk
House Minority Leader Kevin McCarthy has announced that the House will be in session on Friday and Saturday to work on the current spending impasse, according to Bloomberg.
September 20, 2023 | 4:18 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) could be impacted by the spending impasse in the House. The outcome of the discussions could influence market sentiment and thus the ETF's performance.
The SPY ETF tracks the S&P 500, which is a broad representation of the US stock market. Any significant decisions or lack thereof regarding government spending could influence market sentiment and thus impact the performance of the ETF. However, the exact direction of the impact is uncertain at this point.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50