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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

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

The ISM Manufacturing Employment Index for October was reported at 44.4, below the estimated 45.0 and the previous month's 43.9. This indicates a contraction in manufacturing employment, which could impact market sentiment.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 2:00 pm

The USA ISM Manufacturing PMI for October came in at 46.5, below the estimated 47.6 and the prior 47.2, indicating a contraction in the manufacturing sector.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 2:00 pm

The USA construction spending for September increased by 0.1%, slightly above the estimated 0.0% and matching the prior month's increase. This indicates a modest growth in the construction sector.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 2:00 pm

The USA ISM Manufacturing Prices Index for October rose to 54.8, surpassing the estimated 49.9 and the previous month's 48.3. This indicates an increase in manufacturing prices, which could impact inflation expectations and interest rate decisions.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 2:00 pm

The market opened higher as nonfarm payrolls slowed in October due to hurricanes and strikes. Intel and Amazon saw gains following their quarterly earnings reports.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 1:54 pm

The S&P Global US Manufacturing PMI for October was reported at 48.5, surpassing the estimated 47.8 and the prior month's figure of 47.8. This indicates a slight improvement in the manufacturing sector.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 1:45 pm

President Biden commented on the October jobs report, noting that job growth is expected to rebound in November. He attributed the lower job growth to hurricanes and strike activity, emphasizing that more work is needed.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 1:28 pm

China's Commerce Ministry has revised measures to allow foreign individuals to make strategic investments in listed companies. This move could impact foreign investment in Chinese markets.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 1:09 pm

The U.S. economy added only 12,000 jobs in October, significantly missing estimates due to hurricanes, strikes, and election uncertainties. Despite the hiring slowdown, the unemployment rate remained at 4.1%. The weak jobs report increased expectations for Federal Reserve rate cuts, leading to a rally in futures on major U.S. equity indices.

Portfolio Pulse from Piero Cingari

November 01, 2024 | 1:00 pm

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