Streetbeat News

Assets

SPY

The USA Pending Home Sales Index for March increased to 78.2 from 75.6 in the previous month, indicating a positive trend in the housing market.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:00 pm

SPY

USA Pending Home Sales for March increased by 3.4%, significantly surpassing the estimated 0.3% and the previous month's 1.6%.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:00 pm

AMKR

Amkor Tech's (NYSE:AMKR) short interest has decreased by 8.02% since the last report, with 3.11 million shares sold short, representing 4.7% of its float. This decline in short interest could indicate a more bullish sentiment towards AMKR among traders. The current short interest is below the peer group average of 7.00%, suggesting a relatively positive outlook compared to its peers.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 1:45 pm

MRNA

Moderna's (NYSE:MRNA) short interest has decreased by 3.53% since the last report, with 21.44 million shares sold short, representing 7.38% of its float. This decline in short interest could indicate a more bullish sentiment towards MRNA among traders. The current short interest is higher than the peer group average of 5.01%, suggesting Moderna is more heavily shorted compared to its peers.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 1:45 pm

CLSK

COIN

MSTR

Crypto-related stocks such as CLSK, COIN, and MSTR are trading lower in response to a decline in Bitcoin value, which is attributed to disappointing US GDP data.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:45 pm

DIA

IWM

META

QQQ

QQQM

SPY

Major stock indexes declined due to a fall in Meta's stock after its disappointing quarterly earnings report and weaker-than-expected US GDP data. This indicates a broader market reaction to both company-specific news and macroeconomic indicators.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:37 pm

BTCUSD

CKBUSD

ETHUSD

Bitcoin and Ethereum experienced losses, with Bitcoin falling below the $64,000 mark and Ethereum trading below $3,200. The global crypto market cap declined by 4.3% to $2.36 trillion. U.S. economic data showed a decrease in jobless claims and a slowdown in GDP growth. Theta Fuel was the top gainer, while Nervos Network was the biggest loser among cryptocurrencies.

Portfolio Pulse from Avi Kapoor

April 25, 2024 | 1:35 pm

BLK

MS

Morgan Stanley (NYSE:MS) is considering expanding its Bitcoin ETF offerings by allowing its 15,000 brokers to recommend them to clients, a shift from the current policy requiring client initiation. This move, still under refinement for risk management, reflects a broader trend among financial institutions cautiously embracing crypto, amidst varying approaches from firms like Merrill Lynch, Wells Fargo, and Vanguard. BlackRock Inc. (NYSE:BLK) and others have had Bitcoin ETF applications approved by the SEC, indicating a growing institutional interest in cryptocurrency investments.

Portfolio Pulse from Murtuza Merchant

April 25, 2024 | 1:23 pm

BTCUSD

Bitcoin's value has decreased in response to weaker than expected US GDP data, indicating a potential impact on investor sentiment towards cryptocurrencies.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:22 pm

FNB

F N B Corporation (NYSE:FNB) has seen a 9.04% increase in its short percent of float since the last report, with 10.53 million shares sold short, representing 3.86% of its available trading shares. This indicates a bearish market sentiment, although it's not a definitive predictor of stock price movement. F N B's short interest is slightly above its peer group average of 3.77%.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 1:15 pm