U.S. Secretary Of State Blinken Says Our Work Would Clearly Be Affected By Government Shutdown, Urges Congress Not To Take This Step
Portfolio Pulse from Benzinga Newsdesk
U.S. Secretary of State Blinken has warned that a government shutdown would significantly impact their work and has urged Congress not to proceed with this step.
September 29, 2023 | 4:51 pm
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NEGATIVE IMPACT
A potential government shutdown could lead to market instability, potentially affecting the performance of SPY.
Government shutdowns typically lead to market instability due to uncertainty and potential disruption of government services. This could negatively impact the performance of SPY, which tracks the S&P 500 and is therefore sensitive to overall market conditions.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 75