'U.S. Will Send Ukraine ATACMS Long-Range Missiles For The First Time' - NBC News
Portfolio Pulse from Benzinga Newsdesk
President Joe Biden has informed Ukrainian President Volodymyr Zelenskyy that the U.S. will provide a small number of long-range missiles to aid Ukraine in its war with Russia. The specific type of missile and the quantity to be delivered are still under debate. The missiles, known as ATACMS, could allow Ukraine to strike targets up to 180 miles away.
September 22, 2023 | 2:56 pm
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NEGATIVE IMPACT
The decision to provide missiles to Ukraine could potentially escalate tensions between the U.S. and Russia, which may impact global markets and thus the SPY ETF.
The SPY ETF tracks the S&P 500, which is a broad representation of the U.S. stock market. Increased geopolitical tensions could lead to market volatility, potentially negatively impacting the ETF.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 70
NEGATIVE IMPACT
The VGK ETF, which tracks European stocks, could be impacted by escalating tensions between Ukraine and Russia, especially if the conflict affects other European countries.
The VGK ETF tracks the performance of the European stock market. Increased tensions and potential conflict in Ukraine could lead to market instability in Europe, negatively impacting the ETF.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 80