Streetbeat News

SPY

SPDR S&P 500 ETF Trust

http://www.spdrs.com

Industry

Asset Management

The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the index (the “Portfolio”), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the index.

Open

589.72

Mkt cap

538B

Volume

74M

High

590.20

P/E Ratio

29.51

52-wk high

600.17

Low

583.86

Div yield

0.01

52-wk low

449.29

The SPY ETF is experiencing heightened valuation risks due to post-election rallies, with its P/E ratio nearing all-time highs. Investors are advised to exercise caution and consider alternative investments like REITs and dividend-focused ETFs such as SCHD and NOBL.

Portfolio Pulse from

November 15, 2024 | 5:00 am

The article suggests holding the SPDR S&P 500 ETF Trust (SPY) due to Trump's victory and a favorable corporate tax environment. However, it warns that the S&P 500 is expensive by 19 out of 20 metrics. Trump's policies could boost corporate profits short-term but raise long-term inflation concerns. Despite a positive short-term outlook, the stretched valuation of the S&P 500 warrants caution and patience for better buying opportunities.

Portfolio Pulse from

November 06, 2024 | 11:15 pm

The S&P 500 index, represented by the SPDR S&P 500 ETF Trust (SPY), has reached new all-time highs, surpassing the 5,900 mark for the first time in history.

Portfolio Pulse from

November 06, 2024 | 3:30 pm

The article discusses the worst-performing S&P 500 stocks during Biden's first year in office and speculates on potential trends if Kamala Harris wins the 2024 election. It highlights the underperformance of financials and casino stocks in 2021 and suggests these sectors might continue to struggle under Democratic leadership.

Portfolio Pulse from Chris Katje

November 02, 2024 | 12:58 pm

Donald J. Trump, the Republican nominee, has announced a plan to impose a 100% tariff on every car if Stellantis moves its operations. This statement could impact Stellantis' stock and the broader market.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 10:51 pm

Tech stocks surged on Friday, led by Amazon's strong earnings, but the S&P 500 is set for a second weekly decline. Amazon shares rose over 6%, boosting the tech sector. The Nasdaq 100 outperformed the S&P 500. Economic data showed weak job growth, but the unemployment rate remained steady. Major ETFs like SPY, DIA, and QQQ saw gains, while XLY outperformed and XLU lagged. Notable stock movers included Apple, Intel, and Atlassian.

Portfolio Pulse from Piero Cingari

November 01, 2024 | 6:01 pm

The U.S. Baker Hughes Oil Rig Count decreased by 1 to 479, while the total rig count remained unchanged at 585.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 5:11 pm

The October jobs report showed a significant slowdown in job growth, with only 12,000 jobs added, far below expectations. Economists attribute this to hurricanes and strikes, and anticipate the Federal Reserve will cut interest rates by 0.25% at its next meeting. The SPDR S&P 500 ETF Trust (SPY) rose 1.14% on rate cut expectations.

Portfolio Pulse from Erica Kollmann

November 01, 2024 | 4:01 pm

U.S. stocks rebounded after a hiring slump in October increased expectations for Federal Reserve interest rate cuts. The SPDR S&P 500 ETF Trust (SPY), Invesco QQQ Trust (QQQ), iShares Russell 2000 ETF (IWM), and other ETFs saw gains. Amazon's earnings boosted the Consumer Discretionary Select Sector SPDR Fund (XLY).

Portfolio Pulse from Piero Cingari

November 01, 2024 | 2:17 pm

Major indexes are rebounding after recent declines. Intel and Amazon shares rose following their earnings reports, while payroll data was weaker than expected.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 2:12 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.