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

U.S. stocks are expected to open higher on Friday, with optimism surrounding a potentially favorable non-farm payrolls report. Tech earnings released after Thursday’s close elicited mixed reactions. Energy stocks may see some strength as oil prices continue to rise. The SPDR S&P 500 ETF Trust (NYSE:SPY) rose 0.34% to $451.89 and the Invesco QQQ ETF (NASDAQ:QQQ) gained 0.16% to $378.59 in premarket trading. Stocks in focus include Nutanix, Inc. (NASDAQ:NTNX), Broadcom, Inc. (NASDAQ:AVGO), Dell Technologies, Inc. (NYSE:DELL), MongoDB, Inc. (NASDAQ:MDB), Oxford Industries, Inc. (NYSE:OXM), PagerDuty, Inc. (NYSE:PD), and SentinelOne, Inc. (NYSE:S).

Portfolio Pulse from Shanthi Rexaline

September 01, 2023 | 11:25 am

Wall Street stocks are expected to open mixed after four consecutive sessions of gains. Traders are eyeing key economic data, including the personal income and spending report for July. Morgan Stanley's Lisa Shalett highlighted three risks that necessitate caution among investors: surging real Treasury rates, deteriorating Chinese economic growth, and mixed U.S. economic data. In premarket trading, the SPDR S&P 500 ETF Trust rose 0.13% and the Invesco QQQ ETF edged down 0.03%. Salesforce, Okta, Chewy, Victoria’s Secret, and Five Below reacted to earnings, while Palantir fell following a bearish recommendation from Morgan Stanley.

Portfolio Pulse from Shanthi Rexaline

August 31, 2023 | 11:17 am

The US stock rally may cool off as focus shifts to Q2 GDP and private jobs data. The tech sector could face selling pressure due to earnings-related sell-offs from companies like HP, Inc. The market is also awaiting ADP's private payrolls report and preliminary Q2 GDP data. The Nasdaq Composite and the S&P 500 indices ended at their highest levels since early August. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF fell slightly. Stocks in focus include HP, Box, Inc., Ambarella, Inc., Brown-Forman Corporation, and Patterson Companies, Inc.

Portfolio Pulse from Shanthi Rexaline

August 30, 2023 | 10:57 am

The stock futures were narrowly mixed ahead of key economic readings including house prices data, consumer confidence reading, and the JOLTS survey. The Federal Reserve's data-dependent stance could potentially lift market sentiment if data suggests a slowdown in economic momentum. Analysts from Morgan Stanley suggest a strategy of 'buying weakness than selling rallies' due to the central bank's skew towards holding or further rate hikes. In premarket trading, the SPDR S&P 500 ETF Trust (NYSE:SPY) rose 0.06% and the Invesco QQQ ETF (NASDAQ:QQQ) edged up 0.05%.

Portfolio Pulse from Shanthi Rexaline

August 29, 2023 | 10:16 am

US stocks are expected to open firmer in the new week's first session. Major averages had a mixed close in the week ended Aug. 25, with the Nasdaq Composite and the S&P 500 indices making gains, while the Dow Industrials Average and the Russell 3,000 Index posted declines. The SPDR S&P 500 ETF Trust (NYSE:SPY) rose 0.17% to $440.73, and the Invesco QQQ ETF (NASDAQ:QQQ) gained 0.33% to $365.23 in premarket trading. Stocks of Hawaiian Electric Industries, Inc. (NYSE:HE), Horizon Therapeutics Public Limited Company (NASDAQ:HZNP), Alibaba Group Holding Limited (NYSE:BABA), Baidu, Inc. (NASDAQ:BIDU), and XPeng, Inc. (NYSE:XPEV) are in focus.

Portfolio Pulse from Shanthi Rexaline

August 28, 2023 | 11:22 am

US stocks are expected to rebound despite investor confusion ahead of Federal Reserve Chair Jerome Powell's Jackson Hole speech. The market's response to Nvidia Corp.'s impressive quarter has been subdued. Stocks declined notably on Thursday, with IT, communication services, and consumer discretionary stocks under severe selling pressure. In premarket trading on Friday, the SPDR S&P 500 ETF Trust rose 0.31% and the Invesco QQQ ETF gained 0.10%. Affirm Holdings rallied over 8.60% in premarket trading following the release of its quarterly results, while Marvell Technology fell about 4.50% despite a second-quarter beat. Hawaiian Electric Industries plunged about 22% after S&P downgraded the company.

Portfolio Pulse from Shanthi Rexaline

August 25, 2023 | 11:02 am

Nvidia Corp.'s strong Q2 earnings are expected to catalyze a rally in the tech sector and the broader market. The Nasdaq futures are higher in the premarket session. The market is also looking for cues from retail earnings reports, jobless claims data, and durable goods orders. Analyst Tom Lee believes the bull market is intact and sees a safer window for stocks post-Jackson Hole after Fed Chair Jerome Powell's comments. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF gained. Several companies including Nvidia, Autodesk, Splunk, Guess?, Snowflake, NetEase, Weibo Corp., Burlington Stores, Hain Celestial Group, Dollar Tree, Intuit, Ulta Beauty, Affirm Holdings, and Gap are in focus due to their earnings reports.

Portfolio Pulse from Shanthi Rexaline

August 24, 2023 | 11:13 am

Positive expectations for Nvidia Corp.'s Q2 earnings and the recent market pullback are expected to cushion the market on Wednesday. The market is also awaiting Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium on Friday. Stocks closed mixed on Tuesday, with the Nasdaq Composite Index closing marginally higher, while the S&P 500 Index, Dow Industrials and Russell 2000 Index experienced losses. In premarket trading on Wednesday, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF gained. Several companies including Nvidia, Urban Outfitters, Advance Auto Parts, Peloton Interactive, Williams-Sonoma, Foot Locker, Analog Devices, and Kohl's Corp. are set to release their quarterly results.

Portfolio Pulse from Shanthi Rexaline

August 23, 2023 | 11:14 am

US stocks are expected to continue their rally, with investors anticipating positive remarks from Federal Reserve Chair Jerome Powell and a strong quarterly report from Nvidia Corp. The tech-heavy Nasdaq Composite Index and the S&P 500 Index both closed higher on Monday, while the Dow Industrials Average and the small-cap Russell 2,000 Index closed lower. In premarket trading on Tuesday, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF both saw gains. Several companies, including Zoom Video Communications, Baidu, Tesla, and Nvidia, saw their stocks rise in premarket trading.

Portfolio Pulse from Shanthi Rexaline

August 22, 2023 | 11:12 am

US stock futures suggest a potential rebound as traders anticipate Nvidia's earnings and the Jackson Hole Symposium. Last week, stocks closed lower due to fears of aggressive interest rate hikes. The S&P 500, Nasdaq Composite, and Dow Industrials all recorded losses. Analyst Quincy Crosby suggests that the market may wait for Jerome Powell's comments at the Jackson Hole conference before reentering. China's financial issues could also trigger a slide in financial markets, leading to increased investment in the US Treasury. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF both saw gains. Stocks in focus include Palo Alto Networks, Tesla, Nvidia, and Nordson Corp.

Portfolio Pulse from Shanthi Rexaline

August 21, 2023 | 10:59 am

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