Streetbeat News

Regulatory

BBWI

CCL

DIA

IWM

QQQ

SAIA

SPY

TLT

XLB

XLRE

Stocks dipped on Tuesday amid growth concerns, with major indices trading in the red. The S&P 500 faced selling pressure, and small caps were hit hard, with the iShares Russell 2000 ETF (IWM) down 1.4%. Economic data showed a sharp decline in job openings, increasing bets on a Federal Reserve rate cut in September. This boosted bond prices, with the iShares 20+ Year Treasury Bond ETF (TLT) rising 1%. Commodities fell, with oil prices down for five straight days. Bitcoin surged 3%. Notable stock movers included Saia Inc. (SAIA) up 7%, Carnival Corp. (CCL) up 4%, and Bath & Body Works Inc. (BBWI) down 13%.

Portfolio Pulse from Piero Cingari

June 04, 2024 | 5:00 pm

GOOG

GOOGL

Google's Chief Privacy Officer, Keith Enright, and Director of Competition Law, Matthew Bye, are leaving the company as part of a restructuring of its privacy and compliance teams. Enright's departure, which shocked employees, comes amid ongoing scrutiny of Google's data handling practices. The company will not replace Enright or Bye but will increase the number of people working on regulatory compliance across the company.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 4:53 pm

AMR

ARCH

ARLP

BTU

CEIX

HCC

METC

TECK

Shares of coal companies are trading lower after the EU reportedly approved compensation for LEAG's coal exit.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 4:46 pm

EIS

ISRA

SPY

USO

Hamas official Hamdan has stated that they are waiting for a clear position from Israel. This development could impact geopolitical stability and market sentiment.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 4:41 pm

EIS

ISRA

SPY

USO

Hamas official Hamdan stated that without a clear Israeli position on a permanent ceasefire and complete withdrawal from Gaza, they cannot agree to a deal that doesn't secure these terms.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 4:39 pm

EWW

SPY

President Biden has signed an order to shut the border, implementing new asylum restrictions that activate when the daily average of border arrests exceeds 2,500 over a week and pause when arrests drop below 1,500 per day.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 4:35 pm

TLT

ZROZ

Long-dated U.S. Treasuries are rallying due to weak economic data, leading to increased expectations of a Federal Reserve rate cut in September. The iShares 20+ Year Treasury Bond ETF (TLT) and Pimco 25 Year Zero Coupon U.S. Treasury Index ETF (ZROZ) have seen significant gains, breaking key technical levels.

Portfolio Pulse from Piero Cingari

June 04, 2024 | 4:19 pm

VSTE

Vast Renewables Limited (NASDAQ: VSTE) has received planning consent for Solar Methanol 1 (SM1), a CSP-powered reference plant in Port Augusta, South Australia, that will produce 7,500 tonnes of green methanol annually. The project, co-developed with Mabanaft GmbH & Co. KG, aims to decarbonize shipping and support South Australia's hydrogen industry. The project has secured funding from the Australian Renewable Energy Agency (ARENA) and Projektträger Jülich (PtJ) as part of the HyGATE collaboration between Australia and Germany.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 4:17 pm

ANNX

Annexon Inc (NASDAQ:ANNX) announced positive topline results from its Phase 3 trial for ANX005 in treating Guillain-Barré syndrome (GBS). The trial met its primary endpoint, showing significant improvement in the GBS-disability scale and other key secondary endpoints. ANNX shares rose by 31.07% following the news.

Portfolio Pulse from Vandana Singh

June 04, 2024 | 4:06 pm

EIS

ISRA

SPY

USO

The White House has announced that Hamas has not yet responded to an Israeli proposal for a hostage deal. The U.S. government will continue to work with Israeli Prime Minister Netanyahu to finalize the proposal.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 4:03 pm