Republican U.S. Representative Matt Gaetz Will Put Forward Motion This Week To Oust Kevin McCarthy As Speaker
Portfolio Pulse from Benzinga Newsdesk
Republican U.S. Representative Matt Gaetz plans to put forward a motion this week to oust Kevin McCarthy as Speaker, according to Reuters.
October 02, 2023 | 4:31 pm
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NEUTRAL IMPACT
The news about the potential change in the Speaker position in the U.S. House of Representatives may cause some uncertainty in the market, potentially affecting the SPY ETF.
Political changes can often lead to market uncertainty as investors try to predict how these changes will affect future policies. This uncertainty can lead to volatility in the market, which could potentially affect the SPY ETF, which tracks the S&P 500 index.
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