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

Market Clubhouse Morning Memo discusses trade strategies for SPY, TSLA, AAPL, META, and NVDA. Jerome Powell's speech today at 12:30PM EST is expected to bring volatility to the markets. Traders should monitor these stocks and be prepared to leverage potential breakouts or reversals.

Portfolio Pulse from RIPS

May 23, 2023 | 1:34 pm

China's Ministry of Commerce has expressed strong opposition to the U.S. and Taiwan trade agreement, potentially escalating tensions between the countries.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 1:33 pm

The US Treasury is asking federal agencies if payments can be made later as funds run short due to the debt ceiling, according to a Washington Post report. This could potentially impact the US economy and stock market.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 1:21 pm

Dallas Fed's Logan highlights the need for banks to manage liquidity risks due to the speed of transactions and emphasizes that every bank should be prepared to borrow from the Fed.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 1:18 pm

Republican Debt Ceiling Negotiator Representative Graves stated that Republicans and the White House are still far apart on a debt ceiling deal after Monday night talks.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 1:06 pm

Redbook reported a 1.5% year-over-year increase in retail sales.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 12:56 pm

US building permits for October came in at 1.147 million, slightly above the estimated 1.146 million.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 12:05 pm

US stocks are poised for a flat open on Tuesday due to the debt ceiling impasse. Analyst Ryan Detrick believes October lows won't be violated, citing the S&P 500's 200-day moving average trending higher. In premarket trading, SPDR S&P 500 ETF Trust (SPY) fell 0.12% and Invesco QQQ ETF (QQQ) slipped 0.08%.

Portfolio Pulse from Shanthi Rexaline

May 23, 2023 | 11:15 am

Despite the ongoing debt ceiling crisis, the S&P 500 and Nasdaq Composite have reached 9-month highs. The options market outlook for SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust Series 1 (QQQ) indicates potential resistance and support levels in the short term.

Portfolio Pulse from Bhavik Nair

May 23, 2023 | 11:01 am

Former Russian President Medvedev warns that the more destructive weapons Kyiv receives, the closer the possibility of a nuclear apocalypse becomes.

Portfolio Pulse from Charles Gross

May 23, 2023 | 10:33 am

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.