CNN Correspondent Pete Muntean Posts On X "FAA Implements Ground Stops For Flights Bound To New York's JFK And Newark-Liberty International Following 4.7 Magnitude Earthquake"
Portfolio Pulse from Benzinga Newsdesk
The FAA has implemented ground stops for flights heading to New York's JFK and Newark-Liberty International airports following a 4.7 magnitude earthquake. This measure is likely to impact flight schedules and operations in the short term.
April 05, 2024 | 2:56 pm
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The SPY ETF, which tracks the S&P 500, may experience short-term volatility due to the FAA's ground stops impacting economic activities in the New York area.
While the SPY ETF reflects the broader market and not specific sectors like airlines or airports, the grounding of flights to major New York airports due to an earthquake could have ripple effects on economic activities in the area, potentially causing short-term market volatility. However, the direct impact on the SPY ETF might be limited as it is diversified across various sectors.
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