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GLD

SPDR Gold Shares

https://www.spdrgoldshares.com/usa/

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The Trust holds gold bars and from time to time, issues Baskets in exchange for deposits of gold and distributes gold in connection with redemptions of Baskets. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Sponsor believes that, for many investors, the Shares represent a cost-effective investment in gold.

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U.S. stock markets closed higher on June 4th, driven by weak labor market data that fueled expectations for a Federal Reserve rate cut. Most S&P 500 sectors ended higher, with notable gains in real estate, consumer staples, and information technology. Asian markets showed mixed results, while European markets advanced. Crude oil and gold showed minor gains.

Portfolio Pulse from Akanksha Bakshi

June 05, 2024 | 11:00 am

The stock market is experiencing growth fears due to weak ISM Manufacturing Index data, which has increased the probability of a rate cut in September. Nvidia's announcement of a new AI chip platform, Rubin, is helping to support the market. Early trade shows mixed money flows among major tech stocks and ETFs.

Portfolio Pulse from The Arora Report

June 04, 2024 | 4:11 pm

On June 3rd, U.S. stock markets showed mixed results with the S&P 500 and Nasdaq gaining modestly, while the Dow Jones declined. A technical glitch at the NYSE caused fluctuations in Berkshire Hathaway and Barrick Gold shares. U.S. construction spending and ISM manufacturing PMI data were disappointing. Asian and European markets mostly declined, with significant drops in Indian stocks due to election uncertainties. Crude oil prices fell due to OPEC+ production signals and economic concerns.

Portfolio Pulse from Akanksha Bakshi

June 04, 2024 | 10:47 am

India's stock market hits a lifetime high on exit polls predicting a landslide victory for Modi's BJP, while Mexico's peso and stocks fall on election results. AI advancements are announced by NVIDIA and AMD. Positive money flows are seen in major tech stocks and ETFs, while oil prices fall due to OPEC+ production changes.

Portfolio Pulse from The Arora Report

June 03, 2024 | 4:44 pm

On May 31st, the U.S. stock markets closed mixed with the Dow and S&P 500 ending higher, driven by month-end repositioning. The Federal Reserve's preferred inflation measure remained steady at 2.7% year-on-year in April 2024. Almost all sectors of the S&P 500 finished in the green, led by the energy sector, while the technology sector ended slightly down. Asian and European markets also saw gains, with notable increases in Japan's Nikkei 225 and India's Nifty 50. Commodities showed mixed results, with natural gas gaining significantly.

Portfolio Pulse from Akanksha Bakshi

June 03, 2024 | 11:03 am

Tech stocks fell as Wall Street's 5-week rally ended, with the Nasdaq 100 dropping 1.5%. The S&P 500 and Russell 2000 also declined, while the Dow Jones rose. Concerns about economic slowdown and deceleration in personal spending and income contributed to the market's performance. Bonds and defensive stocks gained, with the iShares 20+ Year Treasury Bond ETF rising 0.6%. Gold and Bitcoin fell. Notable stock movements included MongoDB dropping 23% and The Gap rising 26% after earnings reports.

Portfolio Pulse from Piero Cingari

May 31, 2024 | 5:44 pm

The article discusses a relief rally in the stock market driven by the latest PCE data, which came in line with expectations. It highlights the impact on various assets, including SPDR S&P 500 ETF Trust (SPY), NVIDIA Corp (NVDA), Advanced Micro Devices, Inc. (AMD), Dell Technologies Inc (DELL), and others. The article also mentions the positive money flows in major tech stocks and ETFs, as well as the impact on gold, oil, and Bitcoin.

Portfolio Pulse from The Arora Report

May 31, 2024 | 2:33 pm

Wall Street saw a decline in major large-cap indices due to downturns in tech and communication services sectors. Investors shifted focus to small caps, real estate, and solar stocks. The second estimate of Q1 GDP growth was revised down to 1.3%. The S&P 500, Nasdaq 100, and Dow Jones Industrial Average fell, while the iShares Russell 2000 ETF and iShares 20+ Year Treasury Bond ETF rose. Salesforce plummeted 20% after missing revenue expectations, while HP Inc. rose 19% on strong results. Other notable movers included Kohl Corp., Dollar General, Best Buy, Hormel Foods, Burlington Stores, Birkenstock, Agilent Technologies, Pure Storage, Okta, Nutanix, Ui Path, and Credo Technology.

Portfolio Pulse from Piero Cingari

May 30, 2024 | 5:57 pm

The article discusses various financial insights, including the performance of the iShares 20+ Year Treasury Bond ETF (TLT), concerns about private credit, and notable earnings reports from companies like Salesforce (CRM), C3.ai (AI), and Best Buy (BBY). It also highlights early trade money flows in major tech stocks and ETFs, and provides guidance on protection bands and traditional 60/40 portfolios.

Portfolio Pulse from The Arora Report

May 30, 2024 | 4:52 pm

The U.S. economic growth for Q1 2024 was revised down to 1.3%, with consumer spending faltering. Inflation metrics were also slightly revised down. Corporate profits contracted, and jobless claims rose. Market reactions included lower equity futures and falling Treasury yields, while gold prices increased.

Portfolio Pulse from Piero Cingari

May 30, 2024 | 12:45 pm

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