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BTCUSD

ETHUSD

A survey by The Hong Kong University of Science and Technology's School of Business and Management shows increased skepticism towards crypto investments among Hong Kong residents, likely due to the JPEX scandal. The survey found that 41% of respondents are disinterested in crypto, a 12% increase in individuals avoiding digital assets, and a 5% dip in future crypto investment interest. Bitcoin and Ether were the most popular virtual assets.

Portfolio Pulse from Murtuza Merchant

October 18, 2023 | 3:31 pm

GLD

ITA

SPY

TLT

The yields on 30-year Treasuries crossed the 5% mark after President Joe Biden committed to an 'unprecedented support package for Israel.' Yields on 10-year Treasuries also rose, reaching 4.9%. The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) declined by 1.3%, extending its year-to-date decline to 18%. The SPDR Gold Trust ETF (NYSE:GLD) increased by 1.5% reflecting the increasing geopolitical risks in the Middle East. The S&P 500 Index, as tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), dropped by 0.5%. Defense stocks outperformed, with the iShares U.S. Aerospace & Defense ETF (NYSE:ITA) rising by 0.6%.

Portfolio Pulse from Piero Cingari

October 18, 2023 | 3:15 pm

ICU

SeaStar Medical has received Breakthrough Device Designation from the FDA for its Selective Cytopheretic Device for hepatorenal syndrome. This has led to an increase in the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 3:15 pm

CADL

Candel Therapeutics (NASDAQ:CADL) announced that Nature published results from the ongoing first-in-human phase 1 clinical trial of CAN-3110, a herpes simplex virus-1 oncolytic viral immunotherapy candidate, in patients with recurrent high-grade glioma. The study showed that CAN-3110 was well tolerated and treatment was associated with improved survival. The company is currently evaluating the effects of multiple CAN-3110 injections in recurrent high-grade glioma.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 3:02 pm

SPY

U.S. House Republican Jim Jordan has requested a vote on his bid for Speaker at 11 a.m. ET. He also wants the House to vote on increasing the powers of Acting Speaker Patrick McHenry.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 2:56 pm

BTCUSD

GBTC

Bitcoin (BTC) could potentially become a $900 billion asset if the anticipated approval of spot exchange-traded funds (ETFs) is realized, according to CoinDesk and data analytics firm CryptoQuant. The total crypto market could grow by $1 trillion if Bitcoin spot ETFs are approved. The U.S. is currently seeing numerous applications from major financial institutions for the approval of spot Bitcoin ETFs. The potential capital influx from spot ETFs could surpass the funds invested in the Grayscale Bitcoin Trust (GBTC).

Portfolio Pulse from Murtuza Merchant

October 18, 2023 | 2:47 pm

AMD

INTC

The Biden administration's decision to halt shipments of advanced AI chips to China has led to volatility in semiconductor stocks, including Intel Corporation (NASDAQ:INTC) and AMD. The new regulations aim to prevent China from using American AI technology for military purposes and include restrictions on exporting chips to China, Iran, and Russia. This could significantly impact AMD's revenue and disrupt its supply chain, potentially leading to shortages of critical components and increased production costs.

Portfolio Pulse from Henry Khederian

October 18, 2023 | 2:35 pm

EIS

SPY

USO

VGK

The U.S. has vetoed a UN Security Council resolution on Israel and Gaza. The U.S. envoy to the UN stated that they are actively involved in diplomatic efforts on the ground.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 2:32 pm

EIS

SPY

The Israeli Prime Minister's Office has announced that no humanitarian aid will be allowed into Gaza from Israel until the return of hostages. This could potentially impact the stability in the region.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 2:31 pm