Streetbeat News

Assets

UDN

UUP

The dollar index (DXY) rose 0.3% to 103.57, while equity markets paused their rally. Investors question if dovish U.S. interest rate expectations are overstretched. The Invesco DB US Dollar Index Bullish Fund (UUP) increased by 0.5%, and the Invesco DB US Dollar Index Bearish Fund (UDN) decreased by 0.3%. Fed Chair Powell's cautious remarks suggest a slower pace of rate cuts, potentially disappointing markets betting on early rate reductions.

Portfolio Pulse from Neil Dennis

December 04, 2023 | 3:57 pm

MNST

Monster Beverage (NASDAQ:MNST) has delivered an average annual return of 17.98% over the past 10 years, outperforming the market. A $1000 investment in MNST a decade ago would now be worth $5,236.57. The company's current market capitalization stands at $57.03 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 3:30 pm

BTCUSD

Bitcoin's price surpassed $41,000, reaching a 1.5-year high. Analysts predict a potential correction following the approval of Spot Bitcoin ETFs, suggesting the current rise is driven by 'Buy the rumor, sell the news' behavior. Despite reaching annual highs multiple times in 2023, analysts caution that institutional buying may not be immediate post-ETF approval, and a correction to $30,000 could be healthy.

Portfolio Pulse from Khyathi Dalal

December 04, 2023 | 3:27 pm

AAPL

CRM

DIA

INTC

MSFT

SPY

V

The Dow Jones Industrial Average hit a new all-time high on Dec. 1, with the SPDR Dow Jones Industrial Average ETF (DIA) up 9.6% YTD. Salesforce (CRM) led the DJIA components with a 92.32% YTD increase, followed by gains in Intel (INTC), Microsoft (MSFT), Apple (AAPL), and Visa (V). Over the past month, DIA outperformed the SPDR S&P 500 ETF (SPY), with DIA up 9.10% compared to SPY's 8.60%. Salesforce's recent stellar results and AI partnership with Amazon have been key growth drivers.

Portfolio Pulse from Surbhi Jain

December 04, 2023 | 3:25 pm

SPY

The USA Durables Excluding Defense (MoM) for October remained unchanged at -6.7%, indicating no improvement or decline from the prior month's figure.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 3:00 pm

DOGEUSD

Dogecoin (CRYPTO: DOGE) has seen a 4.1% increase in price over the last 24 hours, reaching $0.09, with a 12% increase over the past week. The coin's all-time high is $0.73. Trading volume has risen by 60% over the past week, while the circulating supply has slightly decreased. Dogecoin's market cap is currently ranked #10 at $12.43 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 3:00 pm

ETHUSD

Ethereum (ETH) has seen a 3.53% increase in price over the last 24 hours, reaching $2,227.57, and a 10% gain over the past week. The coin's all-time high is $4,878.26. Trading volume has increased by 48% over the past week, while the circulating supply has slightly decreased. Ethereum's market cap is currently the second-highest at $267.57 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 3:00 pm

PH

Over the past 20 years, Parker Hannifin (NYSE:PH) has produced an average annual return of 12.9%, outperforming the market by 5.42% on an annualized basis. A $100 investment in PH stock 20 years ago would be worth $1,161.42 today. The company's current market capitalization is $56.31 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 3:00 pm

LIN

Over the past 10 years, Linde (NASDAQ:LIN) has produced an average annual return of 12.54%, outperforming the market by 2.83% on an annualized basis. A $1000 investment in LIN a decade ago would be worth $3,271.99 today. Linde currently has a market cap of $198.97 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 3:00 pm

BTCUSD

Bitcoin (BTC) has seen a significant increase in value, rising 5.34% in the last 24 hours to $41,674.00, and a 14.0% gain over the past week. The coin's all-time high is $69,045.00. The trading volume for Bitcoin has surged by 89.0% over the past week, and the circulating supply has slightly increased to 19.56 million coins, which is 93.15% of the maximum supply. Bitcoin currently holds the #1 market cap ranking at $815.03 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 3:00 pm