Streetbeat News

Assets

SPY

USO

The EIA reported a weekly build in distillates stocks of 5.217 million barrels, compared to an estimated draw of 0.394 million barrels and a prior week's draw of 1.018 million barrels.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 3:31 pm

SCHW

Over the past 20 years, Charles Schwab (NYSE:SCHW) has produced an average annual return of 8.6%, outperforming the market by 1.1% annually. A $100 investment in SCHW stock 20 years ago would be worth $524.98 today. The company's current market capitalization stands at $102.43 billion.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 3:30 pm

SPY

USO

USA crude oil inventories increased by 1.609 million barrels, contrary to the estimated draw of 0.933 million. This follows a prior build of 8.701 million barrels.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 3:30 pm

USO

Gasoline inventories have significantly exceeded expectations, reporting 1.764 million compared to the estimated 229 thousand. This suggests a potential surplus of gasoline supply.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 3:30 pm

EIS

Israel and Hamas are negotiating to extend the Gaza truce as the current ceasefire nears its end. Over 150 Israeli hostages remain in Gaza, with the last group set to be released soon, along with 30 Palestinian prisoners. Negotiations have entered a 'pragmatic' phase, with Hamas indicating willingness to extend the ceasefire for an additional four days. The US is sending humanitarian aid to Gaza, and President Biden has urged for an end to the fighting. The Israeli shekel strengthened, and domestic stocks rose, with the iShares MSCI Israel ETF (EIS) rallying 1.2%.

Portfolio Pulse from Piero Cingari

November 29, 2023 | 3:01 pm

AAVE-USD

Aave (CRYPTO: AAVE) has seen a 3.2% increase in price over the last 24 hours, reaching $97.14, and a 6.0% gain over the past week from $92.28. Despite recent gains, it is still far from its all-time high of $661.69. Trading volume has decreased by 22.0% over the past week, and the circulating supply dropped by 0.38% to 14.65 million, which is 91.53% of the max supply. Aave's market cap is currently ranked #46 at $1.42 billion.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 3:00 pm

AVAXUSD

Avalanche (CRYPTO: AVAX) has seen a 3.29% increase in price over the last 24 hours, reaching $20.97, and a 5.0% gain over the past week. Despite the recent uptick, it is still far from its all-time high of $144.96. The trading volume has decreased by 50.0% over the past week, while the circulating supply has increased by 1.9% to 365.11 million, approximately 50.71% of the max supply. AVAX's market cap is currently ranked #14 at $7.64 billion.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 3:00 pm

UTEN

UUP

The U.S. GDP growth for Q3 2023 was revised upward to 5.2%, exceeding initial estimates and marking the strongest expansion since Q4 2021. The revision was due to better-than-expected nonresidential investment, residential investment, private inventories, and government spending. Consumer spending and exports also contributed to the growth, although at a slightly moderated pace. The U.S. dollar index, tracked by Invesco DB USD Index Bullish Fund (UUP), saw a positive reaction, while Treasury yields remained stable, as indicated by the US 10 Year Treasury Note ETF (UTEN). Market participants anticipate a potential Fed rate cut by May 2024.

Portfolio Pulse from Piero Cingari

November 29, 2023 | 2:41 pm

BTCUSD

ETHUSD

FTTUSD

Bitcoin and Ethereum saw price increases, with Bitcoin surpassing $38,000 and Ethereum above $2,000. Sei was the top gainer, while FTX Token was the biggest loser in the last 24 hours. The rise in cryptocurrency prices followed positive US GDP data, which showed a 5.2% growth in the third quarter, exceeding expectations. The global crypto market cap increased by 2% to $1.43 trillion.

Portfolio Pulse from Lisa Levin

November 29, 2023 | 2:34 pm

BITF

Bitfarms Ltd (NASDAQ:BITF), a Bitcoin miner, has seen its shares rise following the announcement of the closing of a private placement with institutional investors, raising C$60 million ($44.13 million). The funds will be used to acquire additional miners, expand infrastructure, and improve working capital. This follows Bitfarms' recent purchase of 35,888 Bitmain T21 miners and securing an option for 28,000 more. The company's shares increased by 8.96% to $1.46 after a 26% rise on Tuesday.

Portfolio Pulse from Adam Eckert

November 29, 2023 | 2:18 pm