U.S. Democratic Senators Baldwin, Tester Say Menendez Should Resign; Democratic Senator Casey Of Pennsylvania Says Menendez Should Resign
Portfolio Pulse from Benzinga Newsdesk
U.S. Democratic Senators Baldwin and Tester, along with Senator Casey of Pennsylvania, have called for Senator Menendez to resign, according to a statement cited by Reuters.
September 26, 2023 | 2:19 pm
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NEGATIVE IMPACT
The call for Senator Menendez's resignation may cause some political instability, potentially affecting the broader market tracked by SPY.
Political instability often leads to market volatility. As SPY tracks the broader market, any significant political events, such as a senator's resignation, could potentially impact its performance.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50