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DWAC

SPY

A judge has imposed bans on Donald Trump, Donald Trump Jr., and Eric Trump, affecting their ability to engage with New York-chartered financial institutions and hold certain corporate positions in New York. Donald Trump and the Trump Organization are prohibited from applying for loans from any New York-chartered financial institution for three years. Additionally, Donald Trump Jr. and Eric Trump are banned from serving as an officer or director of any New York corporation or other legal entity for two years.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 8:08 pm

TELL

Tellurian Inc.'s stock price increased following the Federal Energy Regulatory Commission's (FERC) decision to extend the order authorizing the construction of its Driftwood LNG facility.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 7:38 pm

AMZN

DIA

MSFT

QQQ

SPY

Wall Street experienced a pause in its recent rally due to a higher-than-expected Producer Price Index (PPI) report for January 2024, indicating persistent inflation. This led to a reduction in expectations for Federal Reserve rate cuts and a rise in yields. The tech-heavy Nasdaq 100 and stocks like Microsoft and Amazon ended their five-week positive streak. The SPDR S&P 500 ETF Trust, SPDR Dow Jones Industrial Average, and Invesco QQQ Trust saw declines, while certain stocks reacted to their earnings reports with significant price movements.

Portfolio Pulse from Piero Cingari

February 16, 2024 | 7:21 pm

HTOO

Fusion Fuel Green's stock is trading higher following the announcement that the European Commission has approved the IPCEI for its 630 MW HEVO-Portugal Project. This approval is a significant milestone for the company, indicating strong support from the European Union for its green hydrogen project.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 7:00 pm

SPY

Fed's Daly has indicated that there will be restructuring in the Commercial Real Estate (CRE) sector, but the evidence so far suggests that this process will be orderly. This statement provides insight into the Federal Reserve's view on the current state and future outlook of the CRE market.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 6:41 pm

SPY

Fed's Daly stated that commercial real estate (CRE) is not seen as an imminent risk to financial stability, according to Reuters. This comment suggests a stable outlook on the part of the Federal Reserve regarding the CRE sector.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 6:36 pm

SPY

Fed's Daly expressed disagreement with the notion that the last leg of inflation will be the hardest, stating that inflation expectations remain well anchored. This perspective could influence future monetary policy decisions.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 6:30 pm

SPY

Fed's Daly commented on not expecting disruptions around the balance sheet and mentioned the tight labor market may have triggered productivity-improving investments among firms, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 6:23 pm

SPY

Fed's Daly emphasized the Federal Reserve's intention to maintain a unified policy stance through interest rates and balance sheet adjustments, aiming not to exceed ample reserves. The Fed is considering banks' preferences for holdings and is on a path to accommodate those.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 6:21 pm

SPY

Fed's Daly stated that the current neutral rate estimate is between 0.5 and 1, with a nominal rate between 2.5 and 3. She emphasized that the policy is effective but it's uncertain how much longer it will take to achieve the desired outcomes.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 6:19 pm