Pentagon Confirms That U.S. Warship Shot Down Three Missiles And Drones In The Northern Red Sea; Cannot Say For Certain Where Missiles Were Targeting, But Potentially Towards Targets In Israel
Portfolio Pulse from Benzinga Newsdesk
The Pentagon has confirmed that a U.S. warship shot down three missiles and drones in the Northern Red Sea. The intended targets of the missiles are uncertain, but they may have been aimed at Israel.
October 19, 2023 | 7:36 pm
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NEGATIVE IMPACT
The news of potential missile attacks towards Israel may increase the geopolitical risk associated with investments in the iShares MSCI Israel ETF (EIS).
Geopolitical risks can affect the performance of ETFs that are focused on a specific country. In this case, the potential missile attacks towards Israel may increase the risk associated with the iShares MSCI Israel ETF (EIS), potentially leading to a decrease in its price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The news may have a minor impact on the SPDR S&P 500 ETF (SPY) due to the potential increase in global geopolitical risk.
While the SPDR S&P 500 ETF (SPY) is not directly linked to Israel, an increase in global geopolitical risk can affect the overall market sentiment, potentially leading to a decrease in the price of the ETF.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50