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.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50