U.S. House Speaker McCarthy Says Does Not See House Support For Senate Funding Bill
Portfolio Pulse from Benzinga Newsdesk
U.S. House Speaker McCarthy has stated that he does not see support in the House for the Senate funding bill. This could potentially lead to a government shutdown if a resolution is not reached.
September 27, 2023 | 2:05 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The potential government shutdown could lead to increased market volatility, which may impact the SPDR S&P 500 ETF (SPY).
Government shutdowns typically lead to increased market volatility as they introduce uncertainty into the economy. This could negatively impact the SPY ETF, which tracks the S&P 500 and is therefore sensitive to overall market conditions.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 75