U.S. Files Superseding Indictment Against U.S. Senator Menendez
Portfolio Pulse from Benzinga Newsdesk
The U.S. has filed a superseding indictment against U.S. Senator Menendez, according to a court filing cited by Reuters.
October 12, 2023 | 4:05 pm
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NEGATIVE IMPACT
The indictment against U.S. Senator Menendez may cause some political instability, potentially affecting the broader market tracked by SPY.
Political instability often leads to market volatility. As SPY tracks the broader market, any significant political event, such as an indictment against a U.S. Senator, could potentially impact its performance.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50