Two Rockets Fired At Iraqi Ain Al-Asad Airbase Housing US Forces
Portfolio Pulse from Benzinga Newsdesk
Two rockets were fired at the Iraqi Ain Al-Asad airbase, which houses US forces, according to security sources cited by Reuters.
August 05, 2024 | 6:49 pm
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NEGATIVE IMPACT
The attack on the Iraqi Ain Al-Asad airbase, which houses US forces, could lead to increased geopolitical tensions, potentially impacting market sentiment and the SPY ETF.
Geopolitical events such as attacks on military bases housing US forces can lead to increased market volatility and risk aversion, potentially causing a short-term negative impact on broad market ETFs like SPY.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50