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

556.11

Mkt cap

517B

Volume

61M

High

563.83

P/E Ratio

24.94

52-wk high

613.23

Low

551.49

Div yield

0.01

52-wk low

493.86

U.S. Treasury Secretary Yellen acknowledges the heavy regulatory compliance burdens on banks and emphasizes the importance of robust capital and liquidity requirements. She hopes for tailored regulations to ease smaller banks' burdens.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 7:04 pm

President Biden delivers remarks on his Investing in America agenda, which may have implications for the broader US economy and stock market.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 6:23 pm

Tech stocks rose as investors anticipated earnings from major companies like Alphabet and AMD. The Nasdaq 100 gained 0.7%, while the S&P 500 remained stable. Gold hit record highs, and Bitcoin neared its all-time high. Treasury yields climbed amid fiscal concerns.

Portfolio Pulse from Piero Cingari

October 29, 2024 | 5:54 pm

The US CDC has reported 36 cases of H5 bird flu in the US since April, with six cases confirmed in Washington poultry workers last week. No person-to-person spread has been detected, and the public risk remains low, though higher for those exposed to infected animals. Of the cases, 15 are linked to infected poultry and 20 to sick dairy cows.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 3:58 pm

A Reuters poll indicates that the Federal Reserve is expected to cut the Fed Funds Rate by 25 basis points in both November and December, bringing it to 4.25%-4.50%. By the end of 2025, the rate is projected to be between 3.00%-3.25% or higher.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 3:48 pm

A Reuters/Ipsos poll indicates that Kamala Harris holds a narrow 1% lead over Donald Trump as the election approaches. However, registered voters prefer Trump's approach to the economy over Harris' by a margin of 47% to 37%.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 3:48 pm

Retail investors are betting on a Trump win, with Trump Media & Technology Group Corp (DJT) seeing significant gains. Meta Platforms Inc (META) plans to challenge Google's search dominance. DR Horton Inc (DHI) faces revenue challenges, causing stock declines. Money flows are positive for Alphabet (GOOG) and Tesla (TSLA), neutral for Amazon (AMZN), Microsoft (MSFT), and Meta (META), and negative for Apple (AAPL) and NVIDIA (NVDA).

Portfolio Pulse from The Arora Report

October 29, 2024 | 3:15 pm

The Market Clubhouse Morning Memo provides a detailed analysis of SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, highlighting key support and resistance levels for each. Traders are advised to monitor these levels closely for potential breakouts or reversals. The memo also notes the release of significant economic data throughout the day, which could lead to heightened market volatility.

Portfolio Pulse from RIPS

October 29, 2024 | 3:04 pm

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