Streetbeat News

DBC

Invesco DB Commodity Index Tracking Fund

http://dbcfund.db.com

Industry

Asset Management

The fund pursues its investment objective by investing in a portfolio of exchange-traded futures on Light Sweet Crude Oil (WTI), Heating Oil, RBOB Gasoline, Natural Gas, Brent Crude, Gold, Silver, Aluminum, Zinc, Copper Grade A, Corn, Wheat, Soybeans, and Sugar. The index is composed of notional amounts of each of these commodities.

Open

21.98

Mkt cap

2.4B

Volume

458K

High

22.07

P/E Ratio

5.28

52-wk high

24.52

Low

21.80

Div yield

0.05

52-wk low

20.90

U.S. markets closed mixed with potential rate cut signals from the Fed. The Dow gained slightly, while the S&P 500 and Nasdaq fell. Job openings hit a 3.5-year low, and the trade deficit expanded. Oil prices rose slightly, and the U.S. dollar retreated.

Portfolio Pulse from Akanksha Bakshi

September 05, 2024 | 11:16 am

U.S. stocks experienced a significant decline, with the S&P 500, Nasdaq, and Dow seeing their steepest losses since early August. Nvidia's sharp drop of nearly 10% contributed to the broader market decline. Weaker manufacturing data and uncertainty over Federal Reserve interest rate cuts dampened investor sentiment. Most S&P 500 sectors fell, particularly energy, tech, and communication services, while real estate and consumer staples gained. Asian and European markets also saw declines, and crude oil prices fell below $70.

Portfolio Pulse from Akanksha Bakshi

September 04, 2024 | 11:26 am

U.S. stocks closed higher with the Dow reaching a new all-time high, driven by strong consumer spending and moderate inflation. All 11 S&P 500 sectors rose, led by consumer discretionary. Asian markets were mixed, while European markets slid. Commodities saw a decline in oil prices, and the U.S. dollar neared a two-week high.

Portfolio Pulse from Akanksha Bakshi

September 03, 2024 | 11:11 am

U.S. markets closed with mixed results as the Dow reached a record high due to strong economic data, while Nvidia's shares declined. Most sectors on the S&P 500 closed positively, except for information technology and consumer staples. Asian and European markets advanced, and the U.S. dollar ticked higher.

Portfolio Pulse from Akanksha Bakshi

August 30, 2024 | 11:26 am

U.S. stocks ended lower as investors awaited Nvidia's quarterly report, with Nvidia shares dipping 2.1%. The Dow, S&P 500, and Nasdaq all closed lower. In Asia, markets were mixed, while European markets advanced. The U.S. dollar gained, and gold hit a new high at $2,555.

Portfolio Pulse from Akanksha Bakshi

August 29, 2024 | 11:20 am

U.S. stocks rose with the S&P 500 and Dow Jones hitting record highs, driven by anticipation of Nvidia's earnings. Asian markets were mixed, while European markets gained. Crude oil prices fell due to concerns over Chinese demand. The U.S. dollar index rose as markets awaited potential interest rate cuts.

Portfolio Pulse from Akanksha Bakshi

August 28, 2024 | 10:38 am

U.S. markets closed mixed with the S&P 500 and Nasdaq declining, while the Dow rose. Nvidia's stock fell ahead of its earnings report. Durable goods orders in the U.S. increased by 9.9% in July. Asian markets showed mixed results, and European markets edged up. Commodities like crude oil and gold retreated.

Portfolio Pulse from Akanksha Bakshi

August 27, 2024 | 10:46 am

U.S. stocks closed higher as Fed Chair Jerome Powell hinted at a potential rate cut in September, boosting major indexes like the S&P 500, Dow Jones, and Nasdaq. Financial stocks reached an all-time high, and all 11 major sectors of the S&P 500 ended in positive territory. Oil prices rose due to geopolitical tensions, while gold hit a record high as the dollar weakened.

Portfolio Pulse from Akanksha Bakshi

August 26, 2024 | 11:05 am

U.S. stocks closed lower due to economic slowdown concerns, with major indexes like the Dow, S&P 500, and Nasdaq declining. Technology stocks led the fall, while financials and real estate gained. Gold hit a new all-time high, and U.S. futures showed positive movement.

Portfolio Pulse from Akanksha Bakshi

August 23, 2024 | 11:03 am

U.S. stocks closed higher as investors anticipate a September rate cut following FOMC minutes. Consumer discretionary stocks led gains, while financials and energy lagged. Asian markets showed mixed results, with Japan's Nikkei 225 and Hong Kong's Hang Seng rising. European markets advanced slightly, and commodities showed varied movements. The U.S. dollar strengthened.

Portfolio Pulse from Akanksha Bakshi

August 22, 2024 | 11:05 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.