Biden Says Made Clear Congress Must Take 'swift Action' To Fund Government And Prevent Shutdown
Portfolio Pulse from Benzinga Newsdesk
President Biden emphasized the necessity for Congress to act quickly to fund the government and avert a shutdown, according to a statement.
February 27, 2024 | 6:55 pm
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NEGATIVE IMPACT
The SPDR S&P 500 ETF Trust (SPY) could experience volatility as investors react to potential government shutdown concerns.
Government shutdowns often lead to uncertainty in the markets, affecting investor sentiment and potentially leading to short-term volatility in broad market indices like the S&P 500, which SPY tracks.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 70