Israel-Hamas Conflict, Day 31: Biden, Netanyahu Talk Humanitarian Ceasefire Options, Israel's Foreign Affairs Minister Says 'Shame On You!' In Response To UN Chief's Call For Gaza Humanitarian Aid
Portfolio Pulse from Piero Cingari
U.S. President Joe Biden and Israeli Prime Minister Benjamin Netanyahu are discussing potential humanitarian ceasefires in the ongoing Israel-Hamas conflict. The U.S. does not support a permanent ceasefire as it would benefit Hamas. The Israeli shekel is appreciating, and Israeli-related stocks are showing mixed performance. The SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ Trust (NASDAQ:QQQ) showed marginal increases, while the ARK Israel Innovative Technology ETF (NYSE:IZRL) declined and the iShares MSCI Israel ETF (NYSE:EIS) increased.
November 06, 2023 | 9:01 pm
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NEGATIVE IMPACT
The ARK Israel Innovative Technology ETF (NYSE:IZRL) experienced a 0.2% decline.
The ongoing Israel-Hamas conflict could have a direct impact on Israeli-related stocks, including the IZRL ETF. The ETF experienced a decline, which could be attributed to the current conflict and its potential implications.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The iShares MSCI Israel ETF (NYSE:EIS) saw a 0.5% increase.
The ongoing Israel-Hamas conflict could have a direct impact on Israeli-related stocks, including the EIS ETF. Despite the conflict, the ETF experienced an increase, which could be attributed to other factors in the Israeli market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The Invesco QQQ Trust (NASDAQ:QQQ) managed to gain 0.2%.
The ongoing Israel-Hamas conflict and the discussions about potential humanitarian ceasefires could have indirect effects on the global market, including the QQQ ETF. However, the direct impact is minimal as the ETF showed only a marginal increase.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
The SPDR S&P 500 ETF Trust (NYSE:SPY) showed a marginal increase of 0.1%.
The ongoing Israel-Hamas conflict and the discussions about potential humanitarian ceasefires could have indirect effects on the global market, including the SPY ETF. However, the direct impact is minimal as the ETF showed only a marginal increase.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50