Streetbeat News

FEZ

SPDR EURO STOXX 50 ETF

https://www.ssga.com/us/en/institutional/etfs/funds/spdr-euro-stoxx-50-etf-fez

Industry

Asset Management

The fund employs a sampling strategy, which means that the fund is not required to purchase all of the securities represented in the index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is a market capitalization weighted index designed to represent the performance of some of the largest companies across components of the 20 EURO STOXX Supersector Indexes. The EURO STOXX Supersector Indexes are subsets of the EURO STOXX Index.

Open

50.03

Mkt cap

3B

Volume

1.8M

High

50.34

P/E Ratio

15.73

52-wk high

54.16

Low

49.93

Div yield

0.03

52-wk low

42.57

US stock futures are cautiously optimistic ahead of the Federal Reserve's interest rate decision due on Wednesday. The market is also watching the bond yields, oil prices, and analysts' take on the Fed decision. Stocks closed little changed in the week ended Sept. 15, reacting to various catalysts including inflation data, oil prices, Arm Holdings' IPO, Apple's iPhone launch, and a strike threat by the United Auto Worker’s union. Analyst Quincy Krosby of LPL Financial emphasized the importance of how the Fed presents its expected pause. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF rose slightly.

Portfolio Pulse from Shanthi Rexaline

September 18, 2023 | 11:17 am

US stocks are expected to open mixed on Friday due to the upcoming Fed meeting and the United Auto Workers union's strike against Detroit's big three. Economic data due for the day could also create market volatility. Thursday saw strong performance from major averages, with the Dow Industrials ending at a one-month high and the S&P 500 Index breaking the 4,500 resistance. Analysts expect the Fed to pause at the September meeting but predict more rate hikes in the future. Adobe, Ford, and General Motors saw premarket falls due to quarterly results and the UAW strike respectively.

Portfolio Pulse from Shanthi Rexaline

September 15, 2023 | 11:33 am

European stocks rallied following the European Central Bank's (ECB) announcement of a potential end to its interest rate hiking cycle. The ECB also revised down its estimates for inflation and growth. This news led to a surge in European indices, including the Euro Stoxx 50, UK FTSE 100, Italy's FTSE MIB, French CAC 40, and Germany DAX 30. Positive economic news from the US and China further boosted European stocks, particularly in the luxury and banking sectors.

Portfolio Pulse from Piero Cingari

September 14, 2023 | 4:50 pm

Traders are looking past inflation data and focusing on key catalysts such as interest rate decisions, producer price inflation reports, and retail sales data for August. Adobe Systems, Inc. (NASDAQ:ADBE) and Lennar Corp. (NYSE:LEN) are set to release their earnings reports. The SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ ETF (NASDAQ:QQQ) saw gains in premarket trading. Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) fell in premarket trading after an FDA panel raised concerns about one of its drugs. OKYO Pharma Limited (NASDAQ:OKYO) also saw a drop due to a common stock offering.

Portfolio Pulse from Shanthi Rexaline

September 14, 2023 | 10:52 am

Inflation concerns are causing volatility in the index futures, with a weaker-than-expected inflation print potentially leading to a strong gain. The Nasdaq Composite and the S&P 500 indices retreated on Tuesday, influenced by a negative reaction to Apple's iPhone launch event. The SPDR S&P 500 ETF Trust and the Invesco QQQ ETF fell in premarket trading on Wednesday. Ford Motor Co. and General Motors Corp. saw a rise in premarket trading on hopes of a resolution to the standoff with the UAW.

Portfolio Pulse from Shanthi Rexaline

September 13, 2023 | 10:41 am

The market outlook remains uncertain with stock index futures indicating a lower opening on Tuesday. Apple Inc. and Oracle Corp.'s guidance are influencing the tech sector sentiment. Traders are cautious ahead of the August consumer price inflation report. The Nasdaq Composite and S&P 500 recorded consecutive gains, while the Dow Industrials Average notched its third consecutive session of gains. Fund Strat predicts higher probabilities of gains this week. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF moved down. Oracle, Apple, Tesla, and WestRock Company are in focus.

Portfolio Pulse from Shanthi Rexaline

September 12, 2023 | 10:47 am

The S&P 500 and Nasdaq are expected to rebound due to strength in Tesla and Apple. However, a possible UAW strike and caution ahead of August inflation data could temper sentiment. Oracle's earnings, treasury yields, and oil prices will be in focus. The SPDR S&P 500 ETF Trust and the Invesco QQQ ETF gained in premarket trading. Tesla and Apple stocks also rallied in premarket trading. FuelCell Energy and Oracle are due to report their quarterly results.

Portfolio Pulse from Shanthi Rexaline

September 11, 2023 | 10:44 am

Stock futures indicate another down session on Friday, with China's domestic growth concerns and potential for a U.S.-China trade war dampening traders’ risk appetite. Despite this, analysts remain optimistic about the long term. Rumors of China expanding its iPhone ban led to a sell-off in Apple and other tech firms. In premarket trading, the SPDR S&P 500 ETF Trust slipped 0.14% and the Invesco QQQ ETF declined 0.13%. Stocks in focus include DocuSign, which rose over 3% following the release of its quarterly results, and Kroger Co., which is scheduled to release its quarterly results.

Portfolio Pulse from Shanthi Rexaline

September 08, 2023 | 11:16 am

Trading in the index future suggests a lackluster session for stocks on Wednesday. The futures market has priced in a 93% probability of a pause at the Federal Open Market Committee meeting, given growing evidence of a slowdown. The SPDR S&P 500 ETF Trust (NYSE:SPY) moved down 0.14% to $448.59 and the Invesco QQQ ETF (NASDAQ:QQQ) fell 0.25% to $377.14 in premarket trading. Stocks in focus include AeroVironment, Inc. (NASDAQ:AVAV), GitLab, Inc. (NASDAQ:GTLB), and Zscaler, Inc. (NASDAQ:ZS) due to their earnings reports.

Portfolio Pulse from Shanthi Rexaline

September 06, 2023 | 11:12 am

Stocks are expected to start weaker after the Labor Day break due to bargain hunting and anticipation of Federal Reserve speeches. Concerns persist from underwhelming service sector data in China and Europe. August’s auto sales figures might also influence trading. Analyst Tom Lee warns of potential issues such as the UAW strike that could affect General Motors Corp. and Ford Motor Co., and the surge in the federal deficit. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF both slipped. Fidelity National Financial, Inc. rose over 7% in premarket trading after Citi increased its stake in the company.

Portfolio Pulse from Shanthi Rexaline

September 05, 2023 | 11:00 am

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