US Prepares $8B In Arms Aid Packages For Zelenskiy Visit
Portfolio Pulse from Benzinga Newsdesk
The US is preparing $8 billion in arms aid packages for Ukraine, coinciding with President Zelenskiy's visit. This move is part of ongoing support for Ukraine amid its conflict with Russia.
September 25, 2024 | 7:35 pm
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The announcement of an $8 billion arms aid package to Ukraine by the US could impact defense-related sectors, potentially influencing the SPY ETF, which tracks the S&P 500.
The SPY ETF, which tracks the S&P 500, could see indirect effects from the arms aid package as defense stocks may react to increased government spending. However, the overall impact on SPY is likely neutral given its broad market exposure.
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