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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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U.S. stocks are set to start the week on an upbeat note, as traders begin to bake in a pause by the Federal Reserve when it meets this week. The S&P 500 Index is now officially in the bull market territory, having rallied over 20% from its October lows. In premarket trading on Monday, the SPDR S&P 500 ETF Trust (NYSE:SPY) gained 0.18% to $430.66 and the Invesco QQQ ETF (NASDAQ:QQQ) rose 0.36% at $355.79.

Portfolio Pulse from Shanthi Rexaline

June 12, 2023 | 11:00 am

Precious metals miners' shares rallied on Thursday, with the VanEck Gold Miners ETF (GDX) posting a 1.2% rise and several mining stocks reporting solid gains. The unexpected surge in unemployment claims sparked fears about a weakening labor market, triggering positive reactions for gold and silver mining companies.

Portfolio Pulse from Piero Cingari

June 09, 2023 | 1:09 pm

Nasdaq futures resist Fed rate anxiety, supported by Tesla's agreement with General Motors to allow GM's EVs to charge at Tesla Supercharger locations. Tesla shares rallied over 4.5% in premarket trading, while GM was up about 3.50%. ChargePoint Holdings fell over 5% in reaction to the Tesla-GM partnership.

Portfolio Pulse from Shanthi Rexaline

June 09, 2023 | 11:27 am

The Department of Labor reported a higher-than-expected increase in unemployment claims, raising concerns about the labor market. This marks the third consecutive week of rising initial jobless claims. Market reactions include a drop in the U.S. Dollar Index and a rise in gold prices.

Portfolio Pulse from Piero Cingari

June 08, 2023 | 12:50 pm

Stock futures were mixed on Thursday as traders await the Federal Reserve's rate-setting meeting next week. Bond yields rose, reflecting expectations of rate hikes. The eurozone fell into a technical recession, potentially aggravating fears of a recession in the US. LPL Financial's Jeffrey Buchbinder has a muted outlook for the market, stating that the risk-reward for stocks is no longer compelling.

Portfolio Pulse from Shanthi Rexaline

June 08, 2023 | 11:11 am

US stock futures indicate a flat opening on Wednesday as uncertainty prevails ahead of the Federal Reserve's decision next week. Stocks ended slightly higher on Tuesday, with the Nasdaq Composite reaching its highest level since April 20, 2022. LPL Financial's Adam Turnquist advises caution, remaining neutral on equities. In premarket trading, SPY and QQQ ETFs edged up, while several companies, including COIN, YXT, and TSLA, saw premarket gains.

Portfolio Pulse from Shanthi Rexaline

June 07, 2023 | 11:34 am

DoubleLine Capital CEO Jeffrey Gundlach predicts the US is on the verge of a recession, citing indicators such as ISM new orders and the purchasing managers' index. This contrasts with Goldman Sachs' recent reduction of the US recession probability from 35% to 25%. Gundlach's preferred portfolio mix consists of 30% stocks, 60% bonds, and 10% real assets, including gold.

Portfolio Pulse from Bhavik Nair

June 07, 2023 | 3:22 am

Stocks are expected to pause after last week's strong rally, with concerns about a potential recession and the upcoming June Federal Open Market Committee meeting. Analyst Quincy Crosby warns of significant headwinds due to the Treasury's upcoming auction of $1 trillion worth of notes, which could sap liquidity from financial markets. In premarket trading, SPY and QQQ ETFs eased, while stocks like PANW, DISH, and AAPL saw movement.

Portfolio Pulse from Shanthi Rexaline

June 05, 2023 | 10:52 am

US stocks are set to extend gains as the budget bill clears the Senate, paving the way for its enactment. Investors shift focus to the June Federal Reserve rate decision and the non-farm payroll data for May. Analyst Whitney Tilson predicts three rate cuts this year, which he believes is bullish for stocks. In premarket trading, SPY and QQQ ETFs rose, while stocks like MDB and LULU gained on positive earnings, and DELL fell on lackluster guidance.

Portfolio Pulse from Shanthi Rexaline

June 02, 2023 | 10:51 am

The ADP Employment Report showed a better-than-expected increase of 278,000 private jobs in May, while the Department of Labor reported a lower-than-anticipated rise in unemployment claims. These figures set the stage for Friday's key nonfarm payroll report by the Bureau of Labor Statistics.

Portfolio Pulse from Piero Cingari

June 01, 2023 | 12:46 pm

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