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GLD

SPDR Gold Shares

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

Industry

Asset Management

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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The market mood has turned cautious again after major averages rebounded on Monday. Tech and small-cap stocks fueled a rally, while utility and real estate stocks came under selling pressure. JPMorgan analysts have expressed caution about the tech sector, citing potential risks to technology profits if the anticipated slowdown in economic activity materializes. In premarket trading on Tuesday, the SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ ETF (QQQ) both fell slightly. Medical devices manufacturer Masimo Corp. (MASI) plunged over 27% in premarket trading following its negative preannouncement.

Portfolio Pulse from Shanthi Rexaline

July 18, 2023 | 10:56 am

US stocks are expected to start the new week cautiously following strong gains in the past week. The earnings news flow will pick up pace from Tuesday, with several financial and tech companies due to report. The S&P 500 and the Nasdaq Composite Index closed off a 15-month high, and the Dow Industrials ended at its highest level since Nov. 30, 2022. Analyst Ryan Detrick of Carson Group sees scope for further upside. In premarket trading, the SPDR S&P 500 ETF Trust (NYSE:SPY) fell 0.18% and the Invesco QQQ ETF (NASDAQ:QQQ) edged down 0.05%. Tesla, Inc. (NASDAQ:TSLA) rose over 1.50% in premarket trading, while Activision Blizzard, Inc. (NASDAQ:ATVI) rallied over 4% after the FTC lost its appeal to block the videogame software manufacturer's deal with Microsoft Corp. (NASDAQ:MSFT).

Portfolio Pulse from Shanthi Rexaline

July 17, 2023 | 11:12 am

US stock futures are mixed as traders assess the impact of big bank earnings. Positive reports from JPMorgan Chase & Co and Blackrock, Inc. could fuel hopes for a strong reporting season. The June producer price inflation number and downward revisions to the previous two months' data served as confirmatory data for the slowdown in inflation. The major averages opened higher and stayed in the green throughout the session before closing notably higher. The Nasdaq Composite and the S&P 500 Index closed at fresh 15-month highs, while the Russell 2000 Index settled at its highest since early February.

Portfolio Pulse from Shanthi Rexaline

July 14, 2023 | 11:18 am

US stocks are set to open higher due to relief from inflation and optimism about earnings. The June inflation report showed consumer prices growing at the slowest month-over-month rate since March 2021. Analysts have differing views on the market rally. SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ ETF (NASDAQ:QQQ) rose in premarket trading. Viasat, Inc. (NASDAQ:VSAT) shares fell over 22% due to an anomaly during the deployment of its ViaSat-3 Americas satellite. Walt Disney, Inc. (NYSE:DIS) and Meta Platforms, Inc. (NASDAQ:META) saw a rise in their shares.

Portfolio Pulse from Shanthi Rexaline

July 13, 2023 | 10:53 am

The U.S. consumer price index (CPI) inflation decelerated more than predicted in June, leading to a drop in the annual inflation rate from 4% in May to 3% in June. This has increased investor conviction that the Fed may decide for only one more rate hike and then halt its tightening cycle. Following the release of the data, the dollar tumbled, treasury yields declined, and S&P 500 futures rose. The SPDR S&P 500 ETF Trust (NYSE:SPY) and the SPDR Gold Trust ETF (NYSE:GLD) were positively impacted.

Portfolio Pulse from Piero Cingari

July 12, 2023 | 12:49 pm

Gold and silver prices have edged higher today, with gold rising 0.16% to $1,940.15 and silver increasing 0.21% to $23.328. This comes ahead of the release of US inflation data.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 8:31 am

US stock futures are set to open in green on Tuesday as traders anticipate benign June inflation data. The Nasdaq Composite, Dow Industrials, S&P 500 Index, and Russell 2000 all saw gains on Monday. Wharton professor Jeremy Siegel predicts a slowdown in the second half of the year but not a dramatic downturn. In premarket trading, SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) saw slight gains. Stocks of Apple (AAPL), Nvidia (NVDA), Advanced Micro Devices (AMD), Microsoft (MSFT), and Amazon (AMZN) are in focus due to various reasons.

Portfolio Pulse from Shanthi Rexaline

July 11, 2023 | 10:56 am

Stocks are expected to start negatively due to inflation worries and the upcoming second-quarter reporting season. Big bank earnings and other notable names such as PepsiCo are due this week. Bond yields are rising due to the uncertain economic environment. The Chinese economy is showing signs of recovery. The SPDR S&P 500 ETF Trust and the Invesco QQQ ETF fell in premarket trading. Tesla's stock rose after Jefferies raised the price target. Tech stocks, led by Apple and Amazon, were mostly lower.

Portfolio Pulse from Shanthi Rexaline

July 10, 2023 | 11:05 am

Stock futures dipped slightly on Friday as traders awaited the June non-farm payrolls report. Thursday's trading saw stocks close lower due to data suggesting a tight labor market and speculation of a rate hike at the upcoming Federal Reserve meeting. The SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ ETF (NASDAQ:QQQ) both fell in premarket trading. Levi Strauss & Co. (NYSE:LEVI), Biogen, Inc. (NYSE:BIIB), and Costco Wholesale Corp. (NASDAQ:COST) are in focus due to recent developments.

Portfolio Pulse from Shanthi Rexaline

July 07, 2023 | 10:52 am

Stock futures indicate a potential slump in Thursday's session due to surging bond yields and investor concerns about potential rate hikes. The major indexes closed in the red on Wednesday, led by declines in the IT, energy, industrial, and financial sectors. In premarket trading on Thursday, the SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ ETF (NASDAQ:QQQ) both fell. Meta Platforms, Inc. (NASDAQ:META) rose in premarket trading after a price target increase, while Levi Strauss & Co. (NYSE:LEVI) is set to report its quarterly earnings.

Portfolio Pulse from Shanthi Rexaline

July 06, 2023 | 11:06 am

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