U.S. House Of Representatives Passes $886B Defense Policy Bill 310 To 118, Sending Measure To White House For Biden's Signature
Portfolio Pulse from Benzinga Newsdesk
The U.S. House of Representatives has passed an $886 billion defense policy bill with a vote of 310 to 118. The bill is now on its way to the White House, awaiting President Biden's signature to become law.
December 14, 2023 | 3:50 pm
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POSITIVE IMPACT
The passage of the $886 billion defense policy bill may lead to positive sentiment in sectors included in the SPDR S&P 500 ETF Trust (SPY), particularly defense and aerospace.
The SPDR S&P 500 ETF Trust (SPY) includes companies from the defense and aerospace sectors that are likely to benefit from increased defense spending. The passage of the bill suggests a positive outlook for these companies, which could lead to an uptick in SPY's performance in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70