U.S. President Biden Says We Are Working With Congress To Invest $40B In Pacific Island Infrastructure
Portfolio Pulse from Benzinga Newsdesk
U.S. President Biden has announced plans to work with Congress to invest $40 billion in Pacific Island infrastructure.
September 25, 2023 | 2:53 pm
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NEUTRAL IMPACT
The announcement of a $40 billion investment in Pacific Island infrastructure may indirectly affect SPY.
While the SPY ETF is not directly linked to Pacific Island infrastructure, it represents a broad range of sectors in the U.S. economy. Therefore, any major investment announcement by the U.S. government could potentially have an indirect impact on the ETF's performance.
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