Jake Sherman, Punchbowl News Reporter Says House Majority Leader Steve Scalise Has Entered The Race For Speaker; This Sets Up A Showdown With House Judiciary Chair Jim Jordan
Portfolio Pulse from Benzinga Newsdesk
House Majority Leader Steve Scalise has entered the race for Speaker, setting up a showdown with House Judiciary Chair Jim Jordan. This political development could potentially influence the broader market sentiment.
October 04, 2023 | 5:13 pm
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NEUTRAL IMPACT
The political development of House Majority Leader Steve Scalise entering the race for Speaker could potentially influence the broader market sentiment, which SPY, as a broad market ETF, could reflect.
Political developments can often influence market sentiment. As SPY is a broad market ETF, it can be influenced by shifts in market sentiment caused by such developments. However, the exact impact is uncertain and depends on various factors.
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