Senate Majority Leader Schumer On Shutdown Deadline Says Once The House Acts, I Hope The Senate Can Past The Short-Term CR As Soon As Tonight; Will Require All Of Us Working Together
Portfolio Pulse from Benzinga Newsdesk
Senate Majority Leader Schumer expressed optimism about passing a short-term Continuing Resolution (CR) to avoid a government shutdown, contingent on House action. He emphasized the need for bipartisan cooperation to achieve this as soon as possible, potentially by tonight.
February 29, 2024 | 4:36 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (SPY) may experience volatility due to the uncertainty surrounding the government shutdown and the potential for a short-term Continuing Resolution.
Government shutdowns and the discussions surrounding them can lead to market uncertainty, affecting indices like the S&P 500. The SPDR S&P 500 ETF Trust (SPY), which tracks the S&P 500, may see its price impacted by investor reactions to these developments. However, the outcome is still uncertain, hence the neutral score.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75