President Biden Says At Least 11 American Citizens Were Among Those Killed In Israel; While We Are Still Working To Confirm, We Believe It Is Likely That American Citizens May Be Among Those Being Held By Hamas
Portfolio Pulse from Benzinga Newsdesk
President Biden has announced that at least 11 American citizens were among those killed in Israel, and it is likely that American citizens may be among those being held by Hamas.
October 09, 2023 | 8:19 pm
News sentiment analysis
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NEGATIVE IMPACT
The ongoing conflict in Israel may negatively impact the iShares MSCI Israel ETF (EIS) due to potential instability.
The ETF EIS is directly tied to the performance of the Israeli market. The ongoing conflict and instability in the region could lead to a decrease in the performance of the ETF in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) may experience minor impacts due to geopolitical tensions.
The SPY ETF, which tracks the S&P 500, could be indirectly affected by geopolitical tensions. However, as it is a broad market ETF, the impact is likely to be minor.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
The United States Oil Fund (USO) may see a slight increase due to potential supply disruptions from the Middle East.
The USO ETF, which tracks the price of oil, could see a slight increase due to potential supply disruptions from the Middle East caused by the ongoing conflict.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 60