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Regulatory

SPY

President Biden will attend the G20 Leaders' Summit in New Delhi, India, from September 7-10. The summit will focus on joint efforts to tackle global issues, including clean energy transition and combating climate change.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 4:37 pm

DFLI

DKS

FN

FRBK

FULC

SIDU

US stocks traded mixed with the Dow Jones falling over 100 points while the NASDAQ and S&P 500 rose. Existing-home sales in the US fell 2.2% from a month ago. Fulcrum Therapeutics, Fabrinet, and Sidus Space saw their shares rise after positive news. Republic First Bancorp, DICK'S Sporting Goods, and Dragonfly Energy Holdings saw their shares drop due to negative news.

Portfolio Pulse from Lisa Levin

August 22, 2023 | 4:36 pm

FOX

FOXA

RUM

A recent poll shows former President Donald Trump's lead among Republican voters has grown ahead of the 2024 election, despite facing four indictments. The poll by Morning Consult shows Trump with a 44-point lead. Meanwhile, support for Florida Governor Ron DeSantis has dropped. The first Republican primary debate will be shown on Fox News, a unit of Fox Corporation (NASDAQ:FOX)(NASDAQ:FOXA), and livestreamed on Rumble Inc (NASDAQ:RUM). Trump has announced he will not participate in the first debate.

Portfolio Pulse from Chris Katje

August 22, 2023 | 4:13 pm

SPY

Richmond Fed's Barkin has stated that the recent movements in bond yields are not a sign of 'inappropriate' market tightening, but are likely a response to strong economic data. This statement could influence the performance of ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 3:55 pm

SPY

Richmond Fed's Barkin has indicated that if inflation remains high and demand shows no signs of dropping, a tighter monetary policy may be required. This could potentially impact the broader market and ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 3:54 pm

SPY

Richmond Fed's Barkin has stated that the strength of consumer spending and the economy could lead to a reacceleration of the US economy before inflation cools. He has not made any predictions about the outcome of the Fed's policy meeting on September 19-20.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 3:53 pm

FXI

SPY

White House's Sullivan has noted a reduction in the level of transparency in reporting on the Chinese economy in recent months, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 3:46 pm

FXI

SPY

White House's Sullivan stated that Raimondo's visit to China will emphasize the U.S.'s commitment to maintaining an economic relationship with China. He added that a stable Chinese economy is beneficial for the world and the U.S. is not trying to hinder China's growth.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 3:45 pm

SPY

VGK

White House National Security Adviser Sullivan stated that Ukraine is making gains in the south amid Russian attacks. The U.S. does not assess that the conflict in Ukraine is a stalemate, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 3:40 pm

FXI

SPY

White House's National Security Advisor, Jake Sullivan, stated that Commerce Secretary Gina Raimondo, currently in China, will convey the message that the U.S. is not seeking to decouple from China, but will protect its national security.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 3:33 pm