U.S. Speaker Johnson Says He Still Plans To Bring Israel Aid Bill To Floor Despite Budget Office Score Showing Bigger Deficit
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U.S. Speaker Johnson plans to bring an Israel Aid Bill to the floor despite the Budget Office score indicating a larger deficit. This could potentially impact the U.S. economy and subsequently, the stock market.
November 01, 2023 | 3:58 pm
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NEGATIVE IMPACT
The Israel Aid Bill, if passed, could potentially impact the SPDR S&P 500 ETF (SPY) due to its exposure to the U.S. economy which might be affected by the larger deficit.
The Israel Aid Bill, if passed, could lead to a larger U.S. deficit, potentially affecting the U.S. economy and subsequently, the SPDR S&P 500 ETF (SPY) due to its exposure to the U.S. market.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The Israel Aid Bill, if passed, could potentially impact the iShares MSCI Israel ETF (EIS) due to its direct exposure to the Israeli market.
The Israel Aid Bill, if passed, could lead to increased investment in Israel, potentially benefiting the iShares MSCI Israel ETF (EIS) due to its direct exposure to the Israeli market.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80