White House's Kirby Says Airstrike Targets Went Right At Houthi's Ability To Store, Launch And Guide Its Missiles Or Drones; Pentagon Chief Austin Was Fully Engaged, Tracking All Developments And Decisions Made Regarding Airstrikes
Portfolio Pulse from Benzinga Newsdesk
White House spokesperson Kirby announced that recent airstrikes targeted Houthi capabilities to store, launch, and guide missiles or drones. Pentagon Chief Austin closely monitored the situation and was fully engaged in the decision-making process regarding the airstrikes, as reported by MSNBC.
January 12, 2024 | 3:43 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (SPY) may experience indirect impact due to increased geopolitical tensions following the White House's announcement of airstrikes on Houthi capabilities.
While SPY reflects the broader market and is not directly related to defense or geopolitical events, increased tensions can lead to market volatility. Investors may react to the news of airstrikes, but the direct impact on SPY is likely to be minimal unless the situation escalates significantly.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 30
NEUTRAL IMPACT
The United States Oil Fund (USO) might see short-term price fluctuations due to the airstrikes targeting Houthi capabilities, as such actions can affect oil supply perceptions and geopolitical risk.
USO, which tracks the price of oil, could be influenced by any perceived threats to oil supply stability or heightened geopolitical risk in the Middle East. However, the direct impact of the airstrikes on oil supply is uncertain, and thus the effect on USO may be limited in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50