LIVE: President Joe Biden Delivers Remarks On Milton Hurricane; Says Congress Should Come Back To Handle Disaster Relief Funding Immediately
Portfolio Pulse from Benzinga Newsdesk
President Joe Biden has urged Congress to return immediately to address disaster relief funding in response to Hurricane Milton. This call to action may have implications for government spending and economic stability.
October 10, 2024 | 6:13 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) could be impacted by President Biden's call for Congress to address disaster relief funding, as it may influence government spending and economic stability.
The SPDR S&P 500 ETF (SPY) represents a broad market index, and changes in government spending or economic stability can affect market sentiment. However, the direct impact of disaster relief funding on SPY is uncertain, leading to a neutral short-term outlook.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50