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 higher with the S&P 500 and Dow hitting record highs. Major banks fell on mixed results, while Apple and Nvidia saw gains. June's PPI rose by 0.2%, and consumer sentiment fell to 66. All S&P 500 sectors closed higher, led by IT, consumer discretionary, and materials. Asian markets were mixed, and European markets dipped. Commodities saw minor changes, with gold holding above $2,410.

Portfolio Pulse from Akanksha Bakshi

July 15, 2024 | 10:23 am

Global markets experienced mixed performance with U.S. stock markets closing mixed, Asian markets mostly declining, and European markets also down. The U.S. Dollar strengthened due to a relatively hawkish Federal Reserve stance despite weak housing and labor market data.

Portfolio Pulse from Akanksha Bakshi

June 21, 2024 | 10:55 am

On June 18th, U.S. stock markets closed in green with the S&P 500 and Nasdaq reaching record highs, driven by Nvidia's surge. Nvidia overtook Microsoft to become the world's most valuable company. U.S. retail sales rose 0.1% in May, missing expectations, while industrial production increased by 0.9%. Most S&P 500 sectors closed higher, led by industrials, tech, and financials. Asian markets showed mixed results, while European markets advanced. Crude oil hit $80 again.

Portfolio Pulse from Akanksha Bakshi

June 20, 2024 | 11:36 am

On June 17th, U.S. stock markets hit record highs driven by technology stocks, with Apple and Microsoft rebounding. The NY Empire State Manufacturing Index showed improvement. The S&P 500 sectors mostly finished higher, led by industrials, information technology, and consumer discretionary stocks. Asian and European markets also saw gains, while crude oil prices dipped slightly.

Portfolio Pulse from Akanksha Bakshi

June 18, 2024 | 11:35 am

On June 14th, the U.S. stock markets showed mixed results with the Nasdaq achieving a record high, while the S&P 500 and Dow closed slightly lower. Economic data revealed a decline in consumer sentiment and import/export prices. Asian markets mostly declined, while European markets saw slight gains. Commodities like crude oil and gold traded lower.

Portfolio Pulse from Akanksha Bakshi

June 17, 2024 | 11:18 am

On June 13th, U.S. stock markets closed mixed with the Nasdaq and S&P 500 reaching record highs. Economic data showed a drop in U.S. producer prices and a rise in jobless claims. The Federal Reserve held interest rates steady. Most S&P 500 sectors fell, while tech and real estate stocks rose. Asian markets were mixed, with Japan's Nikkei 225 gaining and Australia's S&P/ASX 200 declining. European markets continued to decline, and commodities showed mixed performance. The U.S. Dollar Index advanced.

Portfolio Pulse from Akanksha Bakshi

June 14, 2024 | 11:00 am

U.S. stock markets closed mixed with the S&P 500 and Nasdaq hitting record highs due to lower-than-expected inflation data. The Federal Reserve plans only one rate cut this year, contrary to earlier forecasts. Crude oil prices fell due to increased U.S. crude inventories and a reduced oil demand forecast for 2024. European markets dipped due to the Fed's hawkish stance.

Portfolio Pulse from Akanksha Bakshi

June 13, 2024 | 11:17 am

On June 11th, U.S. stock markets closed mixed with the S&P 500 and Nasdaq reaching record highs, driven by a surge in Apple shares. Apple was upgraded by DA Davidson, citing AI advancements. The NFIB Small Business Optimism Index increased. Most S&P 500 sectors ended lower, while IT and communication services stocks closed higher. The Dow Jones closed down, while the S&P 500 and Nasdaq closed up. Asian markets were mixed, and European markets showed gains. Crude oil prices increased, while natural gas declined.

Portfolio Pulse from Akanksha Bakshi

June 12, 2024 | 10:45 am

Global markets showed mixed performance with U.S. indices closing higher, while Asian and European markets experienced declines. Key movements included Apple shares falling, Southwest Airlines surging due to Elliott Investment's stake, and Diamond Offshore soaring after Noble's acquisition announcement. The Federal Reserve is expected to maintain the federal funds rate. Commodities and futures showed varied performance, and the U.S. Dollar Index rose.

Portfolio Pulse from Akanksha Bakshi

June 11, 2024 | 10:59 am

U.S. stock markets ended lower due to stronger-than-expected job figures, raising concerns about potential delays in interest rate cuts by the Federal Reserve. The S&P 500, Dow Jones, and Nasdaq all closed lower. Asian markets saw gains in Japan, while European markets fell, particularly in France due to political instability. Commodities showed mixed performance, and the U.S. Dollar Index rose.

Portfolio Pulse from Akanksha Bakshi

June 10, 2024 | 10:57 am

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