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DIA

IWM

QQQ

SPY

U.S. indices are down due to a rise in Treasury yields following the FOMC statement. The weekly initial jobless claims data was lower than expected, which could lead to more rate hikes.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 3:50 pm

EVGN

Evogene Ltd (NASDAQ:EVGN) shares are trading lower after receiving a letter from Nasdaq indicating non-compliance with the minimum bid price rule. If the company fails to demonstrate compliance by March 18, 2024, its shares may be delisted. Evogene is considering options to address this issue, including a possible reverse share split.

Portfolio Pulse from Henry Khederian

September 21, 2023 | 3:24 pm

BTCUSD

Caitlin Long, the founder and CEO of Custodia Bank, spoke to Benzinga about the future of cryptocurrencies, particularly Bitcoin. She emphasized that the cryptocurrency market is still in a phase requiring further refinement and maturation, drawing parallels to the tech bubble. Long also addressed concerns related to criminal activity in the sector, stating that the industry is working with law enforcement to clean up the space. She also mentioned the bankruptcy of cryptocurrency trading platform FTX.

Portfolio Pulse from Chris Katje

September 21, 2023 | 3:14 pm

SPY

House Speaker McCarthy announced that House Republicans had a funding breakthrough last night, according to Bloomberg. The news may have implications for the broader market, potentially affecting the SPY ETF.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 2:51 pm

MRNA

Moderna has shipped millions of updated COVID-19 vaccines to distributors across the U.S. following FDA approval. The company is supporting distributors to ensure rapid delivery to pharmacies and points of care. Moderna continues to ship additional supply daily due to high demand, with an additional 6 million doses available as of today.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 2:49 pm

PLTR

Palantir Technologies CEO Alex Karp appeared on CNBC to discuss the recent Senate AI meeting.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 2:47 pm

EVGN

Evogene has received a letter from Nasdaq stating that the company is not in compliance with the minimum bid price rule, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 2:33 pm

SPY

VGK

US Treasury Secretary Janet Yellen has expressed support for a European Union plan to impose a windfall tax on profits generated by frozen Russian sovereign assets. The tax is seen as a sensible way to finance the reconstruction of Ukraine. The US is currently discussing the idea with the EU.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 2:25 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

QQQ

SPY

TSLA

The Federal Reserve's new dot plot indicates higher interest rates for a longer period, contradicting predictions of four rate cuts next year. This has led to significant selling in the stock market. The dot plot shows a median projection for 2024 at 5.1%, up from 4.6% in the previous plot. The Arora Report analysis suggests one to two rate cuts next year. Initial jobless claims this week were lower than expected, indicating a stronger jobs picture. The Bank of England left its rates unchanged. Negative money flows were observed in Apple, Amazon, Alphabet, Meta Platforms, Microsoft, NVIDIA, and Tesla. Mixed money flows were seen in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

September 21, 2023 | 2:21 pm

BMRN

BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) announced that new data on VOXZOGO® (vosoritide) in children with achondroplasia will be presented at the 61st Annual European Society for Paediatric Endocrinology (ESPE) Meeting. The data shows long-term benefits of VOXZOGO on growth in children with achondroplasia. The company is expecting label expansion decisions from U.S. and European Regulatory Authorities in Q4.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 2:02 pm