US Senate Stopgap Bill To Avert Government Shutdown Secures Enough Votes To Pass; Voting Continues
Portfolio Pulse from Benzinga Newsdesk
The US Senate has secured enough votes to pass a stopgap bill to avert a government shutdown. Voting on the bill is ongoing.
January 18, 2024 | 7:11 pm
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POSITIVE IMPACT
The passage of the stopgap bill to prevent a government shutdown may lead to short-term positive sentiment in the markets, potentially benefiting SPY.
The passage of a stopgap bill to avert a government shutdown typically reduces uncertainty and can lead to positive market sentiment. As SPY tracks a broad range of US stocks, reduced political risk may result in a short-term uplift in its price. However, the impact may be moderate as the bill is a temporary measure and not a long-term solution.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70