Streetbeat News

IWM

iShares Russell 2000 ETF

https://www.ishares.com/us/products/239710/ishares-russell-2000-etf

Industry

Asset Management

The fund generally invests at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index (i.e., depositary receipts representing securities of the underlying index) and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents.

Open

235.93

Mkt cap

76B

Volume

25M

High

238.47

P/E Ratio

15.18

52-wk high

238.49

Low

235.65

Div yield

0.01

52-wk low

166.79

Stock indexes have declined due to February's inflation data, which was worse than anticipated. This has likely impacted investor sentiment and could influence market trends in the short term.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 2:03 pm

The upcoming Producer Price Index (PPI) report for February is highly anticipated as it could influence market expectations regarding Federal Reserve rate cuts. Despite higher than expected inflation rates in the consumer sector, markets are leaning towards a 65% probability of a rate cut by June. The PPI report is expected to show a 0.3% monthly increase, with annual producer prices predicted to rise by 1.1%. January's PPI report, which exceeded expectations, led to a negative market reaction, impacting stocks and ETFs like SPY, QQQ, and IWM, as well as major companies like Meta Platforms Inc. (META) and Alphabet Inc. (GOOGL).

Portfolio Pulse from Piero Cingari

March 13, 2024 | 9:29 pm

February's CPI figures exceeded expectations, impacting market sentiment. Oracle (ORCL) saw a surge due to a positive outlook on its Gen2 AI infrastructure. Conversely, Southwest Airlines (LUV) experienced a decline after revising its fuel cost outlook upwards.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 2:05 pm

Stocks experienced a mixed session with the S&P 500 and Nasdaq 100 facing weekly losses. Semiconductor stocks fell sharply due to disappointing guidance from Marvell Technology and Broadcom, affecting the sector's ETFs. Small caps outperformed, and gold reached new highs. Bitcoin saw a brief peak before pulling back. Major indices and ETFs showed varied performance, with technology stocks underperforming. Several companies moved on earnings reports, upgrades, and trial results.

Portfolio Pulse from Piero Cingari

March 08, 2024 | 7:18 pm

NVIDIA's stock continues to rise after Mizuho raised its price target. Novo Nordisk's stock gains on positive weight loss data. Victoria's Secret's stock falls following Q4 results. Major indexes, including DIA, IWM, QQQ, and SPY, gain after Powell's testimony.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 6:25 pm

Stock indexes rose ahead of the market close, with cybersecurity stocks seeing gains after CrowdStrike's (CRWD) earnings report. New York Community Bancorp (NYCB) also saw an increase after announcing a $1 billion investment.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 8:54 pm

Markets rallied following Fed Chair Jerome Powell's reassurances about easing monetary policy in 2024 if inflation targets are met. The Nasdaq 100 led gains among major indices. The iShares Russell 2000 ETF, Nvidia, and the SPDR Gold Trust were among the notable performers. Other assets like Bitcoin also saw increases. Several companies reacted to earnings reports, with CrowdStrike and Palantir Technologies seeing significant gains, while New York Community Bancorp and Nordstrom faced steep declines.

Portfolio Pulse from Piero Cingari

March 06, 2024 | 7:24 pm

Federal Reserve Chair Jerome Powell emphasized the need for more data before considering rate cuts and downplayed recession and commercial real estate risks. Powell noted progress in controlling inflation and achieving low unemployment rates. He mentioned the Fed's median preference for three rate cuts in 2024 but dismissed recession fears, citing last year's growth and solid forecasts. Powell addressed commercial real estate concerns, especially among medium and small-sized banks. Following his remarks, the U.S. Dollar Index fell, while stocks, small caps, and gold prices rose.

Portfolio Pulse from Piero Cingari

March 06, 2024 | 5:02 pm

Major stock indexes experienced a decline, primarily due to a downturn in technology stocks. This was notably influenced by a decrease in Apple's iPhone sales in China, leading to a fall in Apple shares.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 8:02 pm

Stocks showed mixed performance with the Russell 2000 ETF outperforming major indices. Nvidia soared, while Apple, Alphabet, and Tesla faced declines. Gold and Bitcoin approached record highs. Macy's received a higher acquisition offer, and JetBlue ended its bid for Spirit Airlines due to regulatory issues. New York Community Bancorp saw a significant drop, and Hewlett Packard Enterprise surged post-earnings.

Portfolio Pulse from Piero Cingari

March 04, 2024 | 6:36 pm

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