Republican Jim Jordan Nominated To Be U.S. House Speaker; Democrat Caucus Chair Aguilar Nominating Jeffries For Speaker
Portfolio Pulse from Benzinga Newsdesk
Republican Jim Jordan has been nominated to be the U.S. House Speaker. Meanwhile, Democrat Caucus Chair Aguilar is nominating Jeffries for the same position.
October 17, 2023 | 4:49 pm
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NEUTRAL IMPACT
The nomination of a new U.S. House Speaker could potentially impact the overall market, as represented by SPY.
The U.S. House Speaker has significant influence over legislative agenda, which can impact various sectors of the economy. However, it's uncertain how this will specifically affect SPY until the Speaker's policy priorities become clear.
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