President Biden From Tel Aviv Says Allocating $100M In New U.S. Funding For Humanitarian Assistance In Gaza, West Bank
Portfolio Pulse from Benzinga Newsdesk
President Biden has announced the allocation of $100M in new U.S. funding for humanitarian assistance in Gaza and the West Bank.
October 18, 2023 | 2:18 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The iShares MSCI Israel ETF (EIS) could be indirectly affected by the new U.S. funding for humanitarian assistance in Gaza and the West Bank.
While the ETF is not directly linked to the humanitarian situation in Gaza and the West Bank, the allocation of U.S. funding could have indirect effects on the Israeli economy and, by extension, on the ETF.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) is unlikely to be significantly affected by the new U.S. funding for humanitarian assistance in Gaza and the West Bank.
The ETF is broadly diversified across many sectors of the U.S. economy, making it unlikely to be significantly affected by specific geopolitical events such as this one.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 20