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SPY

Fed's Kugler highlights the resilience of the U.S. economy compared to the rest of the world, suggesting a positive outlook for U.S. markets.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 5:58 pm

SPY

Fed's Musalem stated that he is closely monitoring the labor market for any unexpected deterioration but has not observed any signs of it so far. He emphasized that changing the inflation objective would create confusion and destabilize inflation expectations, reaffirming the commitment to the 2% inflation target.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 5:55 pm

SPY

Fed's Kugler stated that there are risks on both sides of the mandate when asked why not cut rates at the next meeting. He emphasized the need to be convinced that any action will not endanger the progress made on inflation.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 5:54 pm

SPY

Fed's Kugler expressed concerns about housing, import prices, and wages, noting that wages are still higher than productivity. He emphasized the need for continued progress on wage moderation.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 5:53 pm

SPY

Federal Reserve's Kugler stated that the extent of future interest rate cuts will depend on incoming data, particularly whether disinflation or a rapid deterioration of the labor market is observed. No definitive answer can be provided at this time.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 5:51 pm

SPY

Fed's Kugler emphasized the importance of monitoring incoming data and acknowledged the presence of two-sided risks in the current economic environment.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 5:50 pm

SPY

Federal Reserve's Musalem has stated that the labor market is rebalancing, which is considered positive news. This could have implications for the broader market, including ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 5:48 pm

GEHC

GE HealthCare Techs (NYSE:GEHC) has seen a 12.46% rise in its short percent of float, now at 3.25% of all regular shares available for trading. This indicates increased bearish sentiment among investors. However, its short interest is still below the peer group average of 4.99%.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 5:45 pm

SPY

Federal Reserve's Kugler emphasized the importance of the R-star rate, which is a key indicator for monetary policy. This could influence market expectations regarding interest rates.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 5:42 pm

JNPR

KR

QNST

STM

SUN

Top Wall Street analysts have upgraded their ratings for several companies, including STMicroelectronics, Kroger, Juniper Networks, QuinStreet, and Sunoco. These upgrades have led to varying degrees of stock price movements for each company.

Portfolio Pulse from Avi Kapoor

June 18, 2024 | 5:41 pm