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

U.S. officials during the Trump administration reviewed intelligence tracking Huawei and ZTE workers entering and exiting facilities suspected of housing Chinese eavesdropping operations in Cuba, according to the Wall Street Journal.

Portfolio Pulse from Charles Gross

June 21, 2023 | 8:51 am

The Pentagon discovered a $6.2 billion accounting error in its estimation of the value of weapons sent to Ukraine over the past two years. The surplus will be used for future security packages. The error occurred due to the use of replacement costs instead of book value for the equipment.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 9:26 pm

The market on close imbalance is reported to be $11 million to the buy-side, indicating a potential increase in demand for stocks.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 7:54 pm

A market on close imbalance of $24 million to the sell-side has been reported.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 7:34 pm

The U.S. Environmental Protection Agency (EPA) plans to finalize the 2023 biofuel blending volumes at 20.94 billion gallons, up from the 20.82 billion gallons proposed earlier, according to Reuters.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 7:23 pm

The White House announced a robust agenda for the upcoming meeting between President Biden and Indian Prime Minister Modi, with significant deliverables expected. The meeting is not intended to send a message to China.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 6:11 pm

Portfolio Pulse from Charles Gross

June 20, 2023 | 5:25 pm

Robinhood Markets Inc (NASDAQ:HOOD) is introducing 24-hour trading, 5 days a week, to attract investors who want the ability to trade anytime. The service will offer 43 stocks and ETFs, including Coinbase Global Inc (NASDAQ:COIN), iShares MSCI Japan ETF (NYSE:EWJ), S&P 500 (ASRCA: SPY), Tesla Inc (NASDAQ:TSLA), and Lucid Group Inc (NASDAQ:LCID).

Portfolio Pulse from AJ Fabino

June 20, 2023 | 5:04 pm

President Biden is meeting with AI experts in San Francisco to discuss the potential dangers of artificial intelligence, including misinformation, job losses, discrimination, and privacy violations. The meeting comes as Biden seeks support from tech billionaires for his 2024 reelection bid.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 4:21 pm

Major indices are lower due to a pullback in tech stocks, particularly in semi and chip names. Investors are also evaluating recent Chinese interest rate cuts and the US Fed's decision to leave rates unchanged.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 4:15 pm

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