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CHWY

Chewy, Inc. (NYSE:CHWY) shares traded lower due to overall market weakness amid a rise in Treasury yields following CPI data. The CPI rose by 3.7% year-on-year, exceeding the expected figure of 3.6%. This created a risk-averse sentiment in investors, impacting Chewy's stock. The company's stock is trading near its all-time low.

Portfolio Pulse from Ryan Gustafson

October 12, 2023 | 8:14 pm

SLS

SELLAS Life Sciences has provided an update on its Phase 3 REGAL clinical trial for Galinpepimut-S in Acute Myeloid Leukemia. The company expects to complete enrollment ex-China in November 2023 and commence enrollment in China this quarter.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:06 pm

SPY

Federal Reserve's Collins has stated that there has been limited progress on lowering core service ex-housing inflation. He also sees evidence of labor market rebalancing and remains optimistic that the economy can avoid a recession.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:05 pm

SPY

Federal Reserve's Collins has stated that the current phase of monetary policy requires patience. The recent Consumer Price Index (CPI) data suggests that it will take time to bring inflation back down. Collins also mentioned that it is too early to say if inflation is on a sustainable path to the 2% target.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:04 pm

TTOO

T2 Biosystems has submitted an FDA 510(K) application to expand the pathogen detection on its FDA-cleared T2Bacteria Panel to include detection of Acinetobacter Baumannii.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:04 pm

SPY

Federal Reserve's Collins suggests that the Fed is at or near the peak of its rate hike cycle, but it's too early to rule out additional rate hikes. The rise in bond yields likely reduces the need for a near-term Fed hike. The latest CPI data shows uneven progress towards the 2% target.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:04 pm

TBLT

ToughBuilt Industries has been granted European Patent Number EP3782502 titled 'Storage Bag With Enhanced Interior Visibility'. This patent could potentially increase the company's market share in Europe.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 7:41 pm

EEM

EIS

IZRL

QAT

QQQ

SPY

US Secretary of State Antony Blinken visited Israel to reaffirm US support amid Hamas attacks. The US Department of Defense has increased support by ordering additional advanced fighter jets to be deployed in the region. The US government will commence charter flights for US citizens looking to leave Israel. The markets experienced a sudden downturn due to escalating geopolitical tensions and a higher-than-expected increase in inflation in September. The S&P 500 index, as monitored through the SPDR S&P 500 ETF Trust (NYSE:SPY), experienced a significant 0.9% decline. The Invesco QQQ Trust (NASDAQ:QQQ) was down by 0.8%. The iShares MSCI Israel ETF (NYSE:EIS) saw a substantial drop of 1.8%. The ARK Israel Innovative Technology ETF (NYSE:IZRL) plummeted by 2.3%. The iShares MSCI Qatar ETF (NYSE:QAT) declined by 2.3%. The iShares MSCI Emerging Index Fund (NYSE:EEM) registered a 1.2% decrease.

Portfolio Pulse from Piero Cingari

October 12, 2023 | 7:38 pm

NVVE

Nuvve Holding Corp. (NVVE) has received a 180-day extension from the Nasdaq Stock Market to regain compliance with the Bid Price Rule, which requires the bid price of Nuvve's common stock to close at $1.00 per share or more for a minimum of 10 consecutive business days. Nuvve is considering options to regain compliance, including a potential reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 7:19 pm

K

Dan Osborn, a union leader who led a strike at the Omaha Kellogg’s plant in 2021, is running for the U.S. Senate as an Independent from Nebraska. He plans to focus on issues such as cutting middle-class taxes, eliminating wasteful spending, removing tax loopholes for multinational corporations, and helping farmers, ranchers, and military service members. Osborn supports the legalization of medical and recreational marijuana, citing the potential tax benefits. He is running against two-term U.S. Sen. Deb Fischer, who opposed adult-use cannabis in 2015.

Portfolio Pulse from Nina Zdinjak

October 12, 2023 | 7:12 pm