White House Says Biden Administration Asks Congress For Nearly $106B In Supplemental Funding For Ukraine, Israel, Border Protection; Requests $61.4B In Supplemental Funding For Ukraine
Portfolio Pulse from Benzinga Newsdesk
The Biden Administration has requested Congress for nearly $106 billion in supplemental funding for Ukraine, Israel, and border protection. This includes $61.4 billion specifically for Ukraine.
October 20, 2023 | 2:32 pm
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NEUTRAL IMPACT
The S&P 500 ETF (SPY) could be indirectly affected by the Biden Administration's request for supplemental funding, as it reflects the overall US market.
The request for supplemental funding could impact the overall US economy and thus the S&P 500. However, the direct impact on SPY is uncertain as it depends on how the market reacts to this news.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The Vanguard FTSE Europe ETF (VGK) could be impacted by the Biden Administration's request for supplemental funding for Ukraine, as it includes European stocks.
The request for supplemental funding for Ukraine could impact European markets and thus VGK. However, the direct impact on VGK is uncertain as it depends on how the market reacts to this news.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70