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LYT

Lytus Technologies Holdings PTV Ltd. has filed to withdraw its registration statement, leading to a halt in its shares which surged by 18.65%.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:39 pm

SPY

Fed Chair Powell emphasized that the Summary of Economic Projections is not a plan or decision. He stated that policy assessments will adjust based on economic conditions. If the economy remains solid and inflation persists, interest rates will be maintained as needed. Decisions will be made on a meeting-by-meeting basis.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:39 pm

BMR

DDC

RNA

THMO

TNXP

VRA

U.S. stocks traded higher with the S&P 500 surging around 1%. Crude oil stocks in the U.S. climbed by 3.730 million barrels, contrary to expectations. DDC Enterprise, Beamr Imaging, and Avidity Biosciences saw significant stock price increases, while Tonix Pharmaceuticals, ThermoGenesis Holdings, and Vera Bradley experienced notable declines.

Portfolio Pulse from Avi Kapoor

June 12, 2024 | 6:39 pm

SPY

Fed Chair Powell emphasized the need to remain highly attentive to inflation risks, stating that there has not been enough progress to confidently cut rates. He highlighted the need for more positive data to bolster confidence in inflation control.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:36 pm

SPY

Federal Reserve Chair Jerome Powell announced that recent monthly inflation readings have shown signs of easing. This could indicate a potential slowdown in the pace of interest rate hikes.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:35 pm

SPY

Fed Chair Powell stated that the labor market is coming into better balance, with strong job growth in April and May and a low unemployment rate.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:34 pm

SPY

Fed Chair Powell indicates that recent economic indicators suggest solid economic growth. Private domestic final purchases and consumer spending remain strong, and investment in equipment has picked up from an anemic pace.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:33 pm

SPY

Fed Chair Powell stated that the economy has made considerable progress with strong job gains, but inflation remains too high. The Fed will maintain its restrictive policy stance to balance demand and supply.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:32 pm

TXN

Deep-pocketed investors have shown unusual options activity in Texas Instruments (NASDAQ:TXN), with a significant number of both bullish and bearish trades. The options activity suggests a price range of $180.0 to $202.5 for TXN over the next few months. Analysts have mixed ratings on the stock, with price targets ranging from $150 to $210.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 6:31 pm

DIA

IWM

QQQ

SPY

Major indexes are higher after the Fed held rates unchanged, with markets gaining on softer-than-expected May CPI readings.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:30 pm