Streetbeat News

Stock Prices

GLD

SLV

Gold and silver prices have increased following a 50 basis points rate cut by the Federal Reserve.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:06 pm

SPY

The Federal Reserve officials have revised their median projections for the federal funds rate, indicating a decrease over the next few years. The end-2024 rate is now projected at 4.4%, down from 5.1%. For 2025, the rate is expected to be 3.4%, previously 4.1%. By 2026, the rate is projected at 2.9%, slightly down from 3.1%, and it remains at 2.9% for 2027.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:06 pm

QCOM

Significant bearish options activity has been observed for Qualcomm (NASDAQ:QCOM), with 65% of trades being bearish. This unusual activity suggests that large investors anticipate a potential decline in Qualcomm's stock price. The options trades indicate a price target range of $115 to $280. Despite this, Qualcomm's stock is currently up 0.46% at $169.48, and an analyst from JP Morgan maintains an Overweight rating with a target price of $210.

Portfolio Pulse from Benzinga Insights

September 18, 2024 | 6:06 pm

AAPL

AMD

MSFT

NVDA

TSLA

Stocks across various sectors are experiencing a rise in share prices following a 50 basis point rate cut by the Federal Reserve.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:03 pm

SPY

The Federal Reserve has expressed uncertainty about the economic outlook, noting solid economic activity but slower job gains and a slight increase in unemployment. Quantitative tightening continues, with a policy vote of 11-1, as Fed Governor Bowman dissented, preferring a rate cut.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:03 pm

SPY

The Federal Reserve reports that inflation is making progress towards the 2% target but remains somewhat elevated. The Fed is more confident in inflation moving sustainably towards this goal, with risks to employment and inflation goals balanced. Future rate adjustments will depend on incoming data and the evolving economic outlook, which remains uncertain.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:02 pm

DIA

IWM

QQQ

SPY

Major indexes rose following the Federal Reserve's decision to cut interest rates by 50 basis points.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:01 pm

SPY

The Federal Open Market Committee (FOMC) released its latest rate decision, which could impact market sentiment and influence the performance of major indices like the S&P 500. Investors should pay attention to the details of the statement for insights into future monetary policy.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:00 pm

EA

Analysts have provided diverse evaluations of Electronic Arts (NASDAQ:EA) over the past three months, with a mix of bullish and neutral ratings. The average 12-month price target has increased by 5.77% to $161.77. Despite challenges in revenue growth and net margin, EA's return on equity and debt management are strong.

Portfolio Pulse from Benzinga Insights

September 18, 2024 | 6:00 pm