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. stock markets closed lower, breaking an eight-day winning streak, with energy stocks declining and consumer staples gaining. Eli Lilly's shares rose due to positive drug results, while Palo Alto Networks saw a significant jump on strong forecasts. Boeing fell after an FAA directive. Asian markets were mixed, and European markets advanced. Commodities showed varied movements, with gold near all-time highs.

Portfolio Pulse from Akanksha Bakshi

August 21, 2024 | 11:37 am

On August 16th, U.S. stock markets closed higher with the S&P 500 and Nasdaq achieving their seventh consecutive session of gains. Positive economic indicators and optimism about potential Federal Reserve rate cuts lifted investor sentiment. Most S&P 500 sectors closed higher, led by financials, tech, and utilities. Asian markets showed mixed results, with Japan's Nikkei 225 closing lower while other major indices in the region rose. European markets opened in the green, and commodities saw varied movements with gold hitting a new high. The U.S. dollar weakened amid expectations of dovish signals from the Federal Reserve.

Portfolio Pulse from Akanksha Bakshi

August 19, 2024 | 10:54 am

U.S. stock markets closed higher on Thursday, led by the Nasdaq, after strong July retail sales data. Nine of the 11 major S&P 500 sectors advanced. Asian markets also saw gains, with Japan's Nikkei 225 up 3.88%. European markets opened mixed, and crude oil prices fell by 2%. Gold remained near record highs.

Portfolio Pulse from Akanksha Bakshi

August 16, 2024 | 10:59 am

U.S. stock markets closed higher on August 14th, with the S&P 500 extending its winning streak to five sessions, supported by lower-than-expected inflation data. The Dow Jones Industrial Average and Nasdaq Composite also saw gains. Asian markets mostly rose, while European markets were mixed. Commodities like oil and gold saw price increases.

Portfolio Pulse from Akanksha Bakshi

August 15, 2024 | 10:54 am

U.S. stock markets rose to a nearly two-week high due to softer producer prices, increasing expectations of a Federal Reserve rate cut in September. Key consumer price data and retail sales figures are now in focus. The S&P 500 saw gains in communication services, tech, and consumer discretionary sectors, while energy stocks fell. The Dow Jones, S&P 500, and Nasdaq Composite all closed higher. Asian markets showed mixed results, with Japan and Australia rising, while China and Hong Kong declined. European markets and commodities like gold and crude oil also saw gains.

Portfolio Pulse from Akanksha Bakshi

August 14, 2024 | 11:16 am

Global markets showed mixed performance with Japan's Nikkei 225 soaring by 3.37%, while U.S. markets closed mixed. The Dow fell, S&P 500 was flat, and Nasdaq gained. Key economic data on U.S. consumer prices is awaited. Gold hit an all-time high of $2,500 before slightly declining.

Portfolio Pulse from Akanksha Bakshi

August 13, 2024 | 10:19 am

U.S. stock markets closed higher on August 8, with the Nasdaq and S&P 500 gaining over 2% due to a drop in jobless claims. Eli Lilly shares surged 9.5% after raising its profit forecast. Asian markets were mixed, while European markets opened in green. Commodities saw minor changes, with gold trading near its all-time high.

Portfolio Pulse from Akanksha Bakshi

August 09, 2024 | 10:49 am

U.S. stock markets closed higher on Tuesday, driven by Federal Reserve officials' comments easing recession fears. The S&P 500 and Nasdaq saw gains, with all major sectors in the S&P 500 closing higher. The Dow Jones Industrial Average also rose. In economic data, the U.S. trade deficit narrowed in June. Asian markets, particularly Japan's Nikkei 225, saw significant gains, while European markets also experienced growth. Crude oil and the U.S. dollar advanced, with the U.S. dollar index gaining 0.31%.

Portfolio Pulse from Akanksha Bakshi

August 07, 2024 | 10:59 am

U.S. stock markets closed sharply lower on Monday, with the Nasdaq and S&P 500 each falling over 3% due to weak economic data and a soft payrolls report. Apple shares dropped 4.8% after Berkshire Hathaway halved its stake. Asian markets showed mixed results, with Japan's Nikkei 225 closing drastically higher by 10.24%. European markets opened in the red, and commodities like crude oil and gold advanced.

Portfolio Pulse from Akanksha Bakshi

August 06, 2024 | 10:40 am

Global markets experienced significant declines, with Japan's Nikkei 225 crashing 13.47% and U.S. indices closing lower due to disappointing jobs data. The Nasdaq Composite entered correction territory, and recession fears heightened. Commodities like crude oil and natural gas also fell, while gold remained near record highs.

Portfolio Pulse from Akanksha Bakshi

August 05, 2024 | 10:44 am

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