White House's Kirby Says It Is Possible That There Could Be More Americans Dead In Israel
Portfolio Pulse from Benzinga Newsdesk
The White House's Kirby has stated that there could be more American casualties in Israel. The news could potentially affect the performance of EIS, SPY, and USO.
October 09, 2023 | 8:49 pm
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NEGATIVE IMPACT
The iShares MSCI Israel ETF (EIS) could be negatively impacted by the potential increase in American casualties in Israel.
EIS tracks the investment results of an index composed of Israeli equities. Increased geopolitical tensions and potential American casualties could negatively impact the Israeli economy and, consequently, the performance of EIS.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) could experience some volatility due to the potential increase in American casualties in Israel.
SPY tracks the S&P 500, which is a broad representation of the US stock market. Geopolitical tensions can cause market volatility, which could impact the performance of SPY.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
The United States Oil Fund (USO) could potentially benefit from the geopolitical tensions in Israel.
USO tracks the price of West Texas Intermediate light, sweet crude oil. Geopolitical tensions, especially in the Middle East, can often lead to increases in oil prices, which could benefit USO.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60