U.S. House Speaker McCarthy To Hold Vote On Motion To Vacate On Tuesday; House Speaker McCarthy Told House Republicans He Would Not Cut A Deal With Democrats
Portfolio Pulse from Benzinga Newsdesk
U.S. House Speaker McCarthy has announced that he will hold a vote on a motion to vacate on Tuesday. He has also informed House Republicans that he will not be cutting a deal with Democrats, according to Republican Representative Hern.
October 03, 2023 | 1:33 pm
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NEGATIVE IMPACT
The announcement by House Speaker McCarthy may lead to political uncertainty, which could potentially impact the SPY ETF.
Political uncertainty often leads to market volatility. As SPY ETF tracks the S&P 500, any significant political event in the U.S. can potentially impact its performance.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50