Streetbeat News

Regulatory

SPY

Federal Reserve Chair Jerome Powell has stated that higher interest rates are impacting business investment. This could potentially affect the broader market, including ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:33 pm

SPY

Federal Reserve Chair Jerome Powell has stated that activity in the housing market has increased.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:33 pm

CATC

FRTX

ICCM

SCS

SEEL

SPRY

The Federal Reserve has left the key overnight interest rate unchanged at 5.25-5.50% and anticipates one more 25-basis-point rate hike by the end of the year. U.S. stocks traded mixed, with the Dow Jones gaining around 200 points. Steelcase Inc., Cambridge Bancorp, and Fresh Tracks Therapeutics saw significant stock increases, while Seelos Therapeutics, ARS Pharmaceuticals, and IceCure Medical experienced significant drops.

Portfolio Pulse from Lisa Levin

September 20, 2023 | 6:33 pm

SPY

Federal Reserve Chair Jerome Powell has stated that the growth in real GDP has exceeded expectations, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:32 pm

SPY

Federal Reserve Chairman Jerome Powell has stated that the Fed will proceed carefully with its decisions, which will be based on assessments of data and risks.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:32 pm

SPY

Federal Reserve Chairman Jerome Powell has stated that the Federal Reserve has covered a lot of ground, but the full effects of its actions have yet to be felt.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:32 pm

SPY

Federal Reserve Chair Jerome Powell has stated that the central bank is squarely focused on its dual mandate of price stability and maximum employment. This statement comes amidst ongoing market speculation about potential changes in monetary policy.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:31 pm

SPY

S&P has stated that the probability of a recession in the U.S. starting within the next 12 months has moderated since the beginning of the year but remains elevated at 30%-35%.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:25 pm

SPY

S&P Global Ratings has stated that the risk of a U.S. recession remains high due to uncertain growth prospects. The agency did not provide specific details on how this might impact the stock market.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:24 pm

QQQ

SPY

The Federal Reserve has maintained the federal funds rate at 5.25% to 5.5% and indicated a potential rate hike in 2023. The dot plot shows a median projection for 2023 at 5.6%, suggesting one more rate increase. The economic growth forecast for 2023 has been revised upwards to 2.1%. Following the announcement, stocks fell and the U.S. dollar rose. The SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ) fell by 0.2% and 0.3% respectively.

Portfolio Pulse from Piero Cingari

September 20, 2023 | 6:21 pm