U.S. House Republican Mike Johnson Secures 217 Votes Needed For Speaker
Portfolio Pulse from Benzinga Newsdesk
U.S. House Republican Mike Johnson has secured the 217 votes needed to become Speaker. This political event may have indirect effects on the stock market.
October 25, 2023 | 5:49 pm
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NEUTRAL IMPACT
The election of Mike Johnson as Speaker may have indirect effects on the SPY ETF, which tracks the S&P 500 index.
Political events can have indirect effects on the stock market. The election of a new Speaker may lead to changes in policy that could affect the companies in the S&P 500 index, and therefore the SPY ETF. However, the exact impact is uncertain and will depend on future policy decisions.
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