Streetbeat News

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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US stock futures indicate a lower open on Friday due to global growth concerns and declining energy prices. Stocks closed mostly higher on Thursday, with the Nasdaq Composite and S&P 500 indices in positive territory. Analyst Ryan Detrick predicts a bullish second half of the year based on historical performance.

Portfolio Pulse from Shanthi Rexaline

June 23, 2023 | 10:45 am

US stock futures signal a cautious start ahead of Federal Reserve Chair Jerome Powell's Senate testimony. Tech stocks led the sell-off, with the Nasdaq Composite Index underperforming. Morgan Stanley's Lisa Shalet is skeptical of the rally continuing and advises investors to heed the Fed's signals.

Portfolio Pulse from Shanthi Rexaline

June 22, 2023 | 10:55 am

Joe Terranova announced on CNBC that he has sold his position in SPDR Gold Trust (GLD).

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 4:16 pm

US stocks are expected to have a cautious start on Wednesday as traders anticipate Federal Reserve Chair Jerome Powell's Congressional testimony. FedEx Corp.'s disappointing guidance may cause anxiety about the economy. Chinese EV startups Nio, XPeng, and Li Auto rally after China extends green-energy vehicle incentives.

Portfolio Pulse from Shanthi Rexaline

June 21, 2023 | 11:11 am

US stock futures pull back as traders focus on Fed speeches and Powell's testimony. China's central bank cuts key lending rates, while the US market experienced solid gains last week. Analyst Adam Turnquist says evidence of a regime shift from high to low implied volatility is building, which bodes well for the market.

Portfolio Pulse from Shanthi Rexaline

June 20, 2023 | 10:47 am

US stock futures signal a shaky finish to a strong week, with major indices poised to end on a high note. Analyst Ryan Detrick sees potential for more upward momentum in the market. In premarket trading, SPY slipped 0.02% while QQQ gained 0.08%. Virgin Galactic shares rallied nearly 40% after announcing its first commercial spaceflight, while Adobe rose 3.30% following strong quarterly results.

Portfolio Pulse from Shanthi Rexaline

June 16, 2023 | 10:56 am

Nasdaq futures slide as traders react to the Fed's decision to hold interest rates steady, with some analysts comparing the current scenario to early 2007. Economic data on consumer spending, job market, and manufacturing activity, as well as a rate decision from the European Central Bank, will likely drive action on Wall Street today. Tech stocks, including Tesla, Nvidia, and AMD, are under selling pressure in premarket trading.

Portfolio Pulse from Shanthi Rexaline

June 15, 2023 | 10:41 am

Stock futures are mixed ahead of the Federal Open Market Committee meeting, with the market pricing in a hawkish undertone at Chair Jerome Powell's post-meeting press conference. The resilience of the economy has been surprising, according to Chris Zaccarelli, Chief Investment Officer at Independent Advisor Alliance. In premarket trading, SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) gained, while Tesla (TSLA) and Advanced Micro Devices (AMD) shares also rose.

Portfolio Pulse from Shanthi Rexaline

June 14, 2023 | 10:08 am

May's inflation rate dipped to 4% YoY, lower than the expected 4.1%, raising hopes for a pause in Fed rate hikes. The dollar fell, while S&P 500 futures and gold prices rose following the news.

Portfolio Pulse from Piero Cingari

June 13, 2023 | 12:50 pm

US stocks are poised for gains ahead of May's consumer price inflation data release, with small-cap stocks potentially catching up. Tech stocks led the market on Monday, with the Nasdaq Composite Index and the S&P 500 indices reaching 14-month highs. However, fund manager Louis Navellier warns that a global recession is still a possibility.

Portfolio Pulse from Shanthi Rexaline

June 13, 2023 | 11:06 am

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