'Senate now voting on new, interim spending bill to avert a partial weekend government shutdown.' -Fox News Reported
Portfolio Pulse from Benzinga Newsdesk
The Senate is currently voting on an interim spending bill to prevent a partial government shutdown over the weekend, as reported by Fox News.
January 18, 2024 | 7:02 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (SPY) may experience volatility as markets react to the potential for a government shutdown and subsequent interim spending bill.
While the SPY ETF directly tracks the S&P 500 and is not directly linked to government spending, uncertainty around government shutdowns can lead to increased market volatility. Investors may react to the news with caution, potentially affecting the ETF's performance in the short term. However, since this is a temporary measure, the long-term impact is likely to be minimal.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70