Streetbeat News

Regulatory

SPY

Federal Reserve Chair Jerome Powell has stated that growth in consumer spending has slowed from earlier in the year. This could potentially impact the overall economy and the stock market.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 6:32 pm

ABT

Abbott Laboratories is recalling its Amplatzer Steerable Delivery Sheath due to an increased risk of air embolism in patients. The company has reported 26 incidents and 16 injuries related to this issue, but no deaths. Abbott has issued a Medical Device Recall notice and is recalling 672 devices distributed between October 2022 and February 2023. The company's shares are up 0.89% at $113.95.

Portfolio Pulse from Vandana Singh

July 26, 2023 | 6:20 pm

GLD

QQQ

SPY

The Federal Reserve has raised the federal funds rate by 0.25% to 5.25%-5.5%, the highest level since February 2001. The decision was influenced by continued economic expansion, resilience of the U.S. banking system, and robust job market gains. The S&P 500 Index, Nasdaq 100 Index, and gold prices reacted with volatility to the news.

Portfolio Pulse from Piero Cingari

July 26, 2023 | 6:10 pm

SPY

U.S. Senator McConnell's press remarks were interrupted due to an apparent health issue. The news may have implications on the broader market, potentially affecting the SPY ETF.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 6:09 pm

SPY

The Federal Reserve has announced that the vote on its latest policy was unanimous.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 6:04 pm

SPY

The Federal Reserve has announced that its committee is strongly committed to returning inflation to its 2 percent objective.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 6:03 pm

SPY

The Federal Open Market Committee (FOMC) has released a statement indicating that the U.S. banking system is sound and resilient. However, it also warns that tighter credit conditions for households and businesses could negatively impact economic activity, hiring, and inflation.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 6:02 pm

SPY

The Federal Reserve has released a statement regarding its latest rate decision. The details of the decision were not provided in the prompt.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 6:00 pm

DIA

GLD

IWM

QQQ

SPY

The Federal Reserve has increased the key overnight interest rate by 25 basis points.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 6:00 pm