U.S. House Begins Voting On Move To Oust Speaker McCarthy
Portfolio Pulse from Benzinga Newsdesk
The U.S. House of Representatives has begun voting on a motion to oust Speaker McCarthy, according to Reuters.
October 03, 2023 | 8:02 pm
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NEGATIVE IMPACT
The news may cause uncertainty in the market, potentially impacting the SPY ETF.
Political instability often leads to market uncertainty. As SPY is a broad market ETF, it is likely to be impacted by significant political events such as this.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50