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SPY

The U.S. services sector growth moderated in September due to elevated interest rates and uncertainty related to the risk of a government shutdown. The ISM Services PMI dropped by 0.9 percentage points to 53.6, indicating the ninth consecutive month of growth. The slowdown was primarily driven by a decline in the employment and new orders subindices. The SPDR S&P 500 ETF Trust (NYSE:SPY) was flat for the day.

Portfolio Pulse from Piero Cingari

October 04, 2023 | 2:20 pm

BN

Brookfield's (NYSE:BN) short percent of float has fallen 15.67% since its last report, with 16.75 million shares sold short, which is 1.13% of all regular shares available for trading. It would take traders 7.62 days to cover their short positions on average. The company's short interest is less than its peer group average of 3.08%.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 2:15 pm

AAVEUSD

BTCUSD

ETHUSD

XRPUSD

Bitcoin (BTC) traded above $27,500, while Ethereum (ETH) traded below $1,700. XRP was the top gainer over the past 24 hours, while Aave was the biggest loser. The global crypto market cap fell to $1.09 trillion, a 24-hour decline of 0.02%. Other notable gainers include Polygon, Avalanche, Internet Computer, and Lido DAO. Losers include Bitcoin SV, GMX, eCash, and Arbitrum.

Portfolio Pulse from Lisa Levin

October 04, 2023 | 2:10 pm

SPY

The USA Durables Excluding Defense (MoM) for August remained unchanged at -0.7% compared to the prior month.

Portfolio Pulse from Happy Mohamed

October 04, 2023 | 2:02 pm

SPY

Factory orders for August increased by 1.2%, significantly higher than the estimated 0.2% and a substantial improvement from the previous month's decline of 2.1%.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 2:01 pm

PPG

PPG Indus (NYSE:PPG) has outperformed the market over the past 15 years, producing an average annual return of 12.14%. If an investor had bought $1000 of PPG stock 15 years ago, it would be worth $5,169.22 today. The company currently has a market capitalization of $31.03 billion.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 2:00 pm

MRVL

Marvell Tech (NASDAQ:MRVL) has outperformed the market over the past 10 years, producing an average annual return of 17.1%. If an investor had bought $1000 of MRVL stock 10 years ago, it would be worth $4,816.86 today. The company currently has a market capitalization of $45.83 billion.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 2:00 pm

SPY

The S&P Global Services PMI for September was reported at 50.1, slightly below the estimated 50.2 and the prior figure of 50.5.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 1:45 pm

AMD

AMZN

GOOGL

MSFT

NVDA

ORCL

Nvidia Corp is considering a strategic shift in its cloud service operations, potentially leasing exclusive space in data centers, which could put it in direct competition with current clients like Amazon Web Services, Microsoft, Oracle, and Google. Meanwhile, Nvidia's GeForce RTX 3060 has become the most popular choice among gamers, according to a Steam hardware survey.

Portfolio Pulse from Anusuya Lahiri

October 04, 2023 | 1:15 pm

SALM

Salem Media Group has announced its plan to sell its Salem Church Product business for $30 million.

Portfolio Pulse from Bill Haddad

October 04, 2023 | 1:01 pm