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QQQ

SPY

The upcoming release of the Personal Consumption Expenditure (PCE) price index report this Friday is highly anticipated by investors, as it's a crucial indicator of inflation and influences the Federal Reserve's monetary policy. The report is expected to show a slight increase in the headline PCE year-on-year and maintain the previous month's pace on a month-over-month basis. A hotter-than-expected PCE report could negatively impact markets, increase Treasury yields, and pressure rate-sensitive stocks, particularly affecting sectors like real estate, tech, consumer discretionary, and materials. Conversely, a cooler-than-expected report could signal relief from inflationary pressures, potentially boosting market sentiment.

Portfolio Pulse from Piero Cingari

April 25, 2024 | 4:36 pm

SNGX

Soligenix shares surged following the announcement of receiving notices of intent to grant additional patents for its trivalent filovirus vaccines in the UK and South Africa, with more international jurisdictions pending.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:31 pm

EYEN

Eyenovia's stock price increased following the announcement of clinical and scientific updates on its FDA-approved products, Mydcombi and Clobetasol Propionate Ophthalmic Suspension.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:16 pm

VWAGY

XPEV

XPeng Inc (NYSE:XPEV), a Chinese EV manufacturer, is considering overseas production due to a European investigation into Chinese-made EVs for potential unfair advantages from state subsidies. The European Commission's probe, deemed protectionist by China, has prompted XPeng to review its strategy as it aims to increase its international sales from 1%-2% to around 10% this year. Despite challenges, XPeng plans to expand in Europe and eyes the U.S. market, emphasizing the global transition to green technology.

Portfolio Pulse from Shivani Kumaresan

April 25, 2024 | 3:36 pm

DJT

Trump Media shares surged following a letter from the CEO to House GOP leaders, requesting an investigation into potential stock manipulation.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:15 pm

NVS

Novartis Pharmaceuticals Corporation has received FDA approval for its New Drug Application for VIJOICE, marking a significant milestone for the company in expanding its pharmaceutical portfolio.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:09 pm

SPY

TLT

The U.S. economy's growth slowed to 1.6% in Q1, below expectations and the previous quarter's 3.4%, signaling stagflation with rising inflation rates. The PCE price index rose to 3.4%, and the core PCE to 3.7%, exceeding forecasts. This scenario is seen as negative for markets, with the iShares 20+ Year Treasury Bond ETF (TLT) and the SPDR S&P 500 ETF Trust (SPY) both experiencing declines. Experts highlight the dual challenge of sluggish growth and high inflation, with potential negative impacts on bond and stock markets.

Portfolio Pulse from Piero Cingari

April 25, 2024 | 2:59 pm

AMZN

GOOG

GOOGL

META

PINS

RUM

SNAP

SPY

ByteDance has officially announced on Toutiao that it has no plans to sell TikTok, countering media reports claiming otherwise. This statement was cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:52 pm

NXL

Nexalin Technology, Inc. (NXL) announced it has regained compliance with Nasdaq's minimum bid price requirement, ensuring its continued listing on the Nasdaq. CEO Mark White emphasized the company's commitment to revolutionizing mental health and neurological condition treatments through non-invasive technology and highlighted the importance of Nasdaq listing for investor exposure.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:49 pm

SPY

U.S. Treasury Secretary Yellen stated in a Reuters interview that the 'China Shock' led to a significant loss of manufacturing jobs in the U.S., with some regions yet to recover. She emphasized the need for free trade to benefit the entire country and mentioned the possibility of sanctioning Chinese banks if necessary.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:29 pm