U.S. State Dept Says 32 Americans Dead, 11 Remain Unaccounted For Amid Middle East Conflict
Portfolio Pulse from Benzinga Newsdesk
The U.S. State Department has reported 32 American deaths and 11 unaccounted for amid the ongoing Middle East conflict. The news may impact the performance of certain ETFs.
October 19, 2023 | 5:47 pm
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POSITIVE IMPACT
The Middle East conflict may positively impact the United States Oil Fund (USO) due to potential disruptions in oil supply.
The ongoing conflict in the Middle East could lead to disruptions in oil supply, which may positively impact the performance of the United States Oil Fund (USO).
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 70
NEUTRAL IMPACT
The Middle East conflict may have a neutral impact on the SPDR S&P 500 ETF (SPY) as it is a broad-based ETF.
The SPDR S&P 500 ETF (SPY) is a broad-based ETF, and while global conflicts can impact the overall market, the specific impact of the Middle East conflict may be diluted due to the diverse holdings of SPY.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
The Middle East conflict may negatively impact the iShares MSCI Israel ETF (EIS) due to potential instability in the region.
The ongoing conflict in the Middle East could lead to economic instability in the region, which may negatively impact the performance of the iShares MSCI Israel ETF (EIS).
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80