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

232.22

Mkt cap

66B

Volume

38M

High

232.29

P/E Ratio

14.57

52-wk high

242.39

Low

227.81

Div yield

0.01

52-wk low

176.91

The first trading session of September saw a significant selloff in risk assets, with major indices and tech stocks dropping sharply. The VIX surged, indicating increased market anxiety. The yen strengthened, while oil prices fell below $70. Treasury yields dropped amid weak U.S. manufacturing data, and several major tech stocks experienced substantial declines.

Portfolio Pulse from Piero Cingari

September 03, 2024 | 6:01 pm

In August 2024, Nvidia was the most-searched stock on Benzinga Pro, driven by strong earnings and guidance. Tesla, SPY, and QQQ were also among the top-searched tickers. Lumen Technologies and GeoVax Labs entered the top 10 due to financial results and health-related interest, respectively.

Portfolio Pulse from Chris Katje

September 03, 2024 | 4:12 pm

Small-cap stocks may be poised for a rebound as potential Federal Reserve rate cuts could benefit companies reliant on lower borrowing costs. Leveraged ETFs like Direxion Small Cap Bull 3X Shares (TNA) and Direxion Small Cap Bear 3X Shares (TZA) are seeing bullish trends. Non-leveraged ETFs like iShares Russell 2000 ETF (IWM) and Vanguard Russell 2000 ETF (VTWO) offer diversified exposure to small-cap stocks.

Portfolio Pulse from Surbhi Jain

September 02, 2024 | 3:13 pm

Nvidia's halt in sell-off and strong earnings from Marvell Technology and MongoDB have led to a slight rebound in semiconductor stocks. The dollar rose as traders adjusted Fed rate cut expectations, impacting commodities. Major indices showed mixed performance, with notable stock movements including Intel's rise on restructuring rumors.

Portfolio Pulse from Piero Cingari

August 30, 2024 | 5:12 pm

The U.S. dollar strengthened as the Federal Reserve's inflation data suggested a slower pace for rate cuts. Wall Street reacted positively to strong consumer data, with several ETFs showing gains. The Invesco DB USD Index Bullish Fund ETF (UUP) rose, while the SPDR Gold Trust (GLD) fell. Small-cap stocks, tech stocks, and semiconductors saw gains.

Portfolio Pulse from Piero Cingari

August 30, 2024 | 1:58 pm

US stocks rallied on Thursday as the Dow Jones hit record highs, driven by better-than-expected GDP growth. Nvidia's stock fell over 3% due to unimpressive revenue projections, while other semiconductor stocks and ETFs like iShares Semiconductor ETF gained. Major indices and ETFs, including SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series, saw positive movements.

Portfolio Pulse from Piero Cingari

August 29, 2024 | 5:34 pm

Major indexes are rising due to positive US economic data, with investors also evaluating earnings reports in the tech and retail sectors.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 4:15 pm

The U.S. economy showed strong growth with a 3% GDP increase in Q2, boosting the U.S. dollar, oil prices, and tech stocks. Defensive assets like bonds and the yen fell as expectations for large rate cuts eased.

Portfolio Pulse from Piero Cingari

August 29, 2024 | 2:21 pm

The upcoming PCE inflation report, a key indicator for the Federal Reserve, is expected to show a slight increase in inflation rates for July. This report could influence market expectations for a rate cut in September. A higher-than-expected report may boost the U.S. dollar and Treasury yields, while a lower-than-expected report could benefit equities.

Portfolio Pulse from Piero Cingari

August 29, 2024 | 12:28 pm

US stocks and chipmakers fell on Wednesday as traders were cautious ahead of Nvidia's earnings report. The iShares Semiconductor ETF dropped 2%, and Super Micro Computer plunged 26% due to filing delays and a short-seller report. Berkshire Hathaway reached a $1 trillion valuation.

Portfolio Pulse from Piero Cingari

August 28, 2024 | 4:53 pm

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