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

Stocks edged down ahead of the release of the FOMC minutes and Nvidia's earnings report. Disappointing results from Lowe's, Kohls, and Best Buy influenced market sentiment. Gold prices surged past $2,000 per ounce due to the dollar's weakness. Sector ETFs saw mixed performance, with healthcare and materials up, while tech and real estate were down. Agilent Technologies rose after earnings, while AMC hit a new low. Other companies are set to report earnings after market close. USO, TLT, and global equity ETFs like FEZ saw slight declines, while ARGT dropped after a previous rally. Cryptocurrencies Bitcoin and Ethereum also fell.

Portfolio Pulse from Piero Cingari

November 21, 2023 | 6:23 pm

U.S. stocks are trading higher, with major indices in the green. The U.S. dollar index has fallen to its lowest since August. Oil prices have rallied, with WTI surpassing $78 per barrel ahead of an OPEC+ meeting. The Energy Select Sector SPDR Fund (XLE) is up 0.5%. Treasury yields are flat. Tech stocks lead gains, with the Technology Select Sector SPDR Fund (XLK) up 1%. Microsoft hired former OpenAI executives, boosting its shares by 2%. Nvidia (NVDA) is up 1% before its earnings release. Citigroup (C) rose after announcing layoffs. Boeing (BA) surged 4% after an upgrade from Deutsche Bank. Paramount Global (PARA) soared 6.5% after selling Bellator MMA. PENN Entertainment (PENN) rallied 7% after an upgrade from Bank of America. The United States Oil Fund (USO) increased by 3.1%. European and emerging market ETFs saw mixed results, with ARGT up 12% after Argentina's presidential elections. Cryptocurrencies Bitcoin and Ethereum are up.

Portfolio Pulse from Piero Cingari

November 20, 2023 | 6:35 pm

US stock markets recorded a third consecutive week of gains, driven by softer-than-expected inflation data. The iShares Russell 2000 ETF (IWM) led with over 5% gains, while the S&P 500 and tech stocks also rose. Real Estate and Materials sectors outperformed, and long-term Treasuries gained. Walmart's stock dropped despite beating sales expectations due to a cautious outlook. Upcoming events include the release of Fed meeting minutes and earnings reports from Nvidia, Lowe's, Analog Devices, and Deere & Company.

Portfolio Pulse from Piero Cingari

November 17, 2023 | 9:36 pm

Wall Street saw a quiet session with major averages near parity, but small caps and oil stood out with gains. The Russell 2000 and crude oil prices rose significantly, while large-cap stocks remained flat. The dollar weakened, and Treasury yields flattened. Sector-wise, energy stocks rallied, while health care and communication services lagged. Retail stocks surged, and REITs had a softer performance. Housing starts and building permits data were positive. Gap, Ross Stores, and Expedia saw stock increases, while Applied Materials faced pressure due to a potential criminal investigation. ChargePoint Holdings plunged after a preannouncement. Global markets and commodities also saw varied movements.

Portfolio Pulse from Piero Cingari

November 17, 2023 | 7:38 pm

Swaggy Stocks has identified the top 10 trending stocks on WallStreetBets as of November 17, 2023. The list includes NVDA, TSLA, BABA, WMT, NET, AAPL, TLT, MSFT, IWM, and NFLX.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 2:12 pm

The October CPI report showed a decrease in the annual inflation rate to 3.2%, below expectations, and a drop in core inflation to 4%, signaling easing inflationary pressures. Financial analysts believe this could lead to a pause in the Fed's rate hikes, potentially avoiding further rate increases in December. Markets reacted positively, with a rally in stocks and a drop in the U.S. dollar and Treasury yields. The Invesco DB USD Index Bullish Fund ETF (UUP) saw a 1.1% decline, while the iShares 20+ Year Treasury Bond ETF (TLT) surged by 2.3%. Stock ETFs like SPDR S&P 500 ETF Trust (SPY), Dow Jones Industrial Average ETF (DIA), Invesco QQQ Trust (QQQ), and iShares Russell 2000 ETF (IWM) experienced significant gains. The VanEck Gold Miners ETF (GDX) and Invesco Solar ETF (TAN) were among the best-performing industries.

Portfolio Pulse from Piero Cingari

November 14, 2023 | 5:27 pm

Moody's has downgraded the US credit outlook from 'stable' to 'negative,' leading to a decline in major indexes.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 4:05 pm

Major stock indexes have experienced an increase as Treasury yields have fallen, indicating a potential shift in investor sentiment towards equities.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 5:56 pm

The S&P 500 and Nasdaq 100's winning streak ended due to hawkish remarks from Fed Chair Jerome Powell. The SPDR S&P 500 ETF Trust (SPY), Invesco QQQ Trust (QQQ), Dow Jones Industrial Average ETF (DIA), and iShares Russell 2000 ETF (IWM) all closed lower. The Health Care Select Sector SPDR Fund (XLV) and the Consumer Discretionary Select Sector SPDR Fund (XLY) were the weakest performers. Walt Disney Co. (DIS) was the best performer among mega-cap stocks, while Tesla Inc. (TSLA) was the worst. The iShares 20+ Year Treasury Bond ETF (TLT) closed lower as yields rose.

Portfolio Pulse from Piero Cingari

November 09, 2023 | 9:59 pm

Major indexes are lower after Federal Reserve Chair Powell stated that he is not confident the Fed has achieved a sufficiently restrictive stance.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 7:20 pm

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