U.S. Senate Bill That Aims To Avert Government Shutdown, Garners Enough Votes To Advance; Voting Continues
Portfolio Pulse from Benzinga Newsdesk
The U.S. Senate has gathered enough votes to advance a bill aimed at averting a government shutdown. The voting process is still ongoing.
September 28, 2023 | 4:24 pm
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POSITIVE IMPACT
The advancement of the bill to avert a government shutdown may stabilize the market, potentially impacting the SPY ETF.
Government shutdowns often lead to market instability. The advancement of a bill to prevent such a shutdown can be seen as a positive sign for the market, potentially leading to a rise in the SPY ETF, which tracks the S&P 500.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50