Officials Say President Biden Will Not Urge Israel To Exercise Restraint
Portfolio Pulse from Benzinga Newsdesk
President Biden will not urge Israel to exercise restraint, according to officials. This could potentially impact the geopolitical landscape and indirectly affect the performance of certain ETFs.
October 10, 2023 | 3:32 pm
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NEUTRAL IMPACT
The iShares MSCI Israel ETF (EIS) could be affected by Biden's stance on Israel. The ETF's performance may be influenced by the geopolitical landscape.
EIS tracks the investment results of an index composed of Israeli equities. Any geopolitical changes involving Israel could potentially influence the performance of this ETF.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) could be indirectly affected by Biden's stance on Israel. The ETF's performance may be influenced by the geopolitical landscape.
SPY tracks the S&P 500, which includes companies with global operations. Any geopolitical changes could potentially influence the performance of this ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
The United States Oil Fund (USO) could be indirectly affected by Biden's stance on Israel. The ETF's performance may be influenced by the geopolitical landscape.
USO tracks the price of West Texas Intermediate light, sweet crude oil. Any geopolitical changes could potentially influence the performance of this ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60