Streetbeat News

Regulatory

SPY

Fed's Kugler expressed concerns about commercial real estate as a potential source of financial stress, highlighting the sector's importance in financial stability.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:45 pm

SPY

Fed's Kugler comments on the current stability in the financial system, highlighting strong household balance sheets as a key factor. This perspective suggests a robust economic foundation, potentially influencing market sentiment and investor confidence.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:45 pm

AAPL

NVDA

NYCB

Apple Inc is reportedly working on two folding iPhones, boosting its stock in early trade due to the popularity of similar products by Samsung and extreme positive market sentiment. NVIDIA Corp, a leader in AI, showed a peak in buying frenzy three days ago but now shows signs of balanced sentiment among bulls and bears, indicating a potential market top. New York Community Bancorp, Inc. was downgraded to junk status by Moody's, significantly impacting its stock price. China replaced its top stock market regulator in a move to boost the market. Early trade money flows are positive for AAPL, GOOG, META, MSFT, and TSLA, neutral for AMZN, negative for NVDA, and mixed for SPY and QQQ.

Portfolio Pulse from The Arora Report

February 07, 2024 | 4:42 pm

SPY

Fed's Kugler comments on the potential for improving supply to aid in reducing inflation, suggesting that measures can still be taken to address supply-side issues.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:39 pm

SPY

Fed's Kugler comments on inflation progress, attributing it to Fed policy's impact on demand and improvements on the supply side.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:39 pm

SPY

Fed's Kugler comments on the premature nature of assessing AI's impact on productivity, indicating a cautious approach towards the rapidly evolving technology.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:37 pm

SPY

Fed's Kugler emphasized the need for continued wage moderation to align with the inflation target, noting that the consistent level depends on various factors including productivity.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:37 pm

SPY

Fed's Kugler comments on moderating wage growth and its impact on prices, indicating a potential easing of inflationary pressures.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:36 pm

SPY

Fed's Kugler comments on rapid disinflation in the second half of 2023, noting persistent housing inflation but expecting it to decrease. Emphasizes monitoring services excluding housing for further declines.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:35 pm

KRE

NYCB

Shares of New York Community Bancorp (NYCB) plummeted over 10% to below $4, reaching a low not seen since March 1997, amid concerns over its commercial real estate loan exposure. Bank of America and JPMorgan downgraded NYCB, citing risks and regulatory scrutiny, while Piper Sandler remained bullish. NYCB stated its liquidity is ample, despite downgrades from Fitch and Moody's. The SPDR S&P Regional Banking ETF (KRE) also fell by 1.6%, marking its potential sixth negative session in seven days.

Portfolio Pulse from Piero Cingari

February 07, 2024 | 4:32 pm