CNN Reporting At Least 70 Dead After Hamas Attack On Israel
Portfolio Pulse from Charles Gross
At least 70 people have been reported dead following a Hamas attack on Israel, according to CNN. The news may have implications for certain ETFs.

October 07, 2023 | 3:13 pm
News sentiment analysis
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NEGATIVE IMPACT
The iShares MSCI Israel ETF (EIS) could be negatively impacted due to the increased geopolitical risk in Israel.
The EIS ETF tracks the investment results of an index composed of Israeli equities. The increased geopolitical risk in Israel due to the Hamas attack could lead to a decrease in the value of these equities, and thus the EIS ETF.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) could potentially be impacted due to the increased geopolitical risk, but the impact is likely to be minimal.
The SPY ETF tracks the S&P 500, which includes a broad range of US equities. While increased geopolitical risk can impact global markets, the direct impact on US equities, and thus the SPY ETF, is likely to be minimal.
CONFIDENCE 60
IMPORTANCE 50
RELEVANCE 30
NEUTRAL IMPACT
The United States Oil Fund (USO) could potentially be impacted due to the increased geopolitical risk in the Middle East, but the impact is uncertain.
The USO ETF tracks the price of West Texas Intermediate light, sweet crude oil. Increased geopolitical risk in the Middle East can impact oil prices, but the direction and magnitude of the impact is uncertain.
CONFIDENCE 50
IMPORTANCE 60
RELEVANCE 50