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Security

CVX

Israel has temporarily suspended operations at a significant gas field managed by Chevron Corporation (NYSE:CVX) due to safety concerns amid escalating violence. Chevron continues to meet its clientele's demands in Israel and nearby regions through another initiative named Leviathan. The suspension comes at a time when Israel had declared its intentions to increase its gas exports from the Tamar field to Egypt. The future of this plan is uncertain due to the heightened tensions in the Middle East.

Portfolio Pulse from Shivani Kumaresan

October 09, 2023 | 4:57 pm

EIS

SPY

USO

Israeli Foreign Minister has announced that over 100 people have been taken captive by Hamas. The news may have implications for ETFs related to Israel and the Middle East.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 4:41 pm

EIS

SPY

USO

The White House is actively working to determine the whereabouts of missing U.S. citizens, according to a statement by White House's Sullivan. No specific details or context were provided in the news.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 4:38 pm

EIS

SPY

USO

White House National Security Advisor, Sullivan, has been in constant communication with his Israeli counterparts throughout the weekend. They are working with regional partners to warn anyone who might seek to take advantage of the current situation.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 4:37 pm

EIS

SPY

USO

VGK

The U.S. Army Secretary has stated that they will need support from Congress to best support both Israel and Ukraine. This could potentially impact the defense budget and subsequently, related stocks.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 4:03 pm

BKR

BPT

BTE

CPG

Energy stocks are trading higher due to the Israel-Hamas conflict causing uncertainty in oil supply. Several energy companies are mentioned in the context.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 3:52 pm

GOOG

GOOGL

Google Cloud, a division of Alphabet Inc, has introduced AI-powered search tools to help healthcare professionals retrieve clinical information from various medical records. The technology consolidates data from different sources into a single location, addressing the issue of fragmented data storage systems in healthcare. The tool also assists in billing and identifying candidates for clinical trials. Early access is open to healthcare and life sciences organizations, with ongoing tests involving Mayo Clinic, Hackensack Meridian Health, and Highmark Health.

Portfolio Pulse from Anusuya Lahiri

October 09, 2023 | 3:44 pm

DIA

IWM

QQQ

SPY

Major indexes are experiencing a downturn due to the ongoing Israel-Hamas conflict, which has increased geopolitical uncertainty.

Portfolio Pulse from Bill Haddad

October 09, 2023 | 3:34 pm

AAPL

AMZN

BTCUSD

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

The ongoing conflict in the Middle East, particularly the bloodshed in Israel and Gaza, is having broad implications for investors. The SPDR S&P 500 ETF Trust (NYSE:SPY) has pulled back to the bottom band of the top support zone due to the conflict. The stock market is assuming that the conflict will be contained to Gaza, but investors are urged to consider the potential for a wider conflict. The Arora Report suggests that Iran may have masterminded the attack on Israel, and if Iran were to block the Strait of Hormuz, oil prices could skyrocket. The conflict has also disrupted Biden's security plan and his reelection strategy. In early trade, money flows are negative in several major tech companies, including Apple, Amazon, Alphabet, Meta Platforms, Microsoft, NVIDIA, and Tesla. Money flows are mixed in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

October 09, 2023 | 3:33 pm

EIS

SPY

USO

Al Quds Brigades of Palestinian Islamic Jihad has claimed responsibility for an operation at the Lebanon-Israel border, according to Reuters citing Telegram. The news may have implications for EIS, SPY, and USO.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 3:06 pm