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GLD

QQQ

SPY

Federal Reserve Chair Jerome Powell emphasized the need for more confidence in inflation data before considering interest rate cuts, tempering market excitement. Despite a lower-than-expected inflation report, Powell warned that future data might not be as favorable. Stocks trimmed gains, Treasury yields rebounded, and market expectations for a September rate cut slightly eased.

Portfolio Pulse from Piero Cingari

June 12, 2024 | 7:50 pm

VALE

Brazil's Transport Minister Renan Filho announced that an agreement with miner VALE over a railways concession is 'mature' and could be signed this month.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:49 pm

SPY

Doubleline Capital's Jeffrey Gundlach predicts a significant shift in the Federal Reserve's rhetoric from now until the end of the year, as stated in a CNBC interview.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:43 pm

KMX

LAD

POOL

RACE

Shares of companies within the consumer discretionary sector are trading higher following a softer-than-expected May CPI Report and the Fed's decision to leave rates unchanged.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:36 pm

BA

SPR

The FAA head will inform a Senate panel about the continued increased oversight of Boeing and Spirit AeroSystems for the foreseeable future, as seen in testimony obtained by Reuters.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:29 pm

BZH

CRH

CVCO

DFH

EXP

GRBK

HOV

JHX

KBH

LSEA

MLM

TMHC

TPH

TPX

UHG

Shares of homebuilders, construction, and household durables stocks are trading higher following a softer-than-expected May CPI Report. Additionally, the Federal Reserve left interest rates unchanged.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:27 pm

SPY

Fed Chair Powell stated that the Federal Reserve has the ability to approach the question of rate cuts carefully and does not plan to wait for economic issues to arise before taking action. He emphasized that no single variable, such as housing prices, would solely determine a rate cut decision.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:21 pm

GME

Former President Donald Trump has expressed support for Bitcoin mining in the U.S., which has positively impacted the Trump-related MAGA Memecoin (CRYPTO: TRUMP) and Dogecoin (CRYPTO: DOGE). Additionally, there is speculation about GameStop potentially investing in Bitcoin, which could significantly affect its stock performance.

Portfolio Pulse from Khyathi Dalal

June 12, 2024 | 7:19 pm

SPY

Fed Chair Powell emphasized the awareness of the dual risks in monetary policy, stating that both delaying and hastening actions could have negative consequences. The Fed aims to manage these risks and does not plan to loosen policy until there is more confidence in controlling inflation. Powell believes the current approach is appropriate.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:18 pm

CCL

CUK

CZR

MSC

PENN

PLAY

Shares of companies in the hotel, restaurant, and leisure space are trading higher following a softer-than-expected May CPI Report. Additionally, the Federal Reserve left interest rates unchanged.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:15 pm