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

Goldman Sachs predicts a 'lost decade' for the S&P 500 with only 3% annual returns, citing market concentration. Bank of America and Ed Yardeni counter this view, suggesting dividends and equal-weighted stocks could offer better returns. Yardeni forecasts a potential 'Roaring 2020s' with 11% annual returns.

Portfolio Pulse from Piero Cingari

October 28, 2024 | 4:39 pm

The Israeli Defense Minister stated that a recent attack on Iran has created a significant disadvantage for Iran, which could be leveraged in future conflicts. This geopolitical tension may impact markets, particularly those related to defense and energy sectors.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 4:32 pm

The Pentagon has not confirmed the presence of North Korean soldiers in Russia's Kursk region but believes there is movement towards the area. An estimated 10,000 soldiers are deployed to train in Eastern Russia, with some moving closer to Ukraine.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 3:21 pm

The Market Clubhouse Morning Memo provides a detailed analysis of key price levels for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. Traders are advised to monitor these stocks for potential breakouts or reversals, with specific bullish and bearish targets outlined for each. The memo emphasizes the importance of staying alert to market sentiment changes, especially with a light economic calendar and potential volatility due to low trading volume.

Portfolio Pulse from RIPS

October 28, 2024 | 3:17 pm

The Nasdaq 100's performance this week hinges on earnings reports from five major tech companies: Apple, Amazon, Alphabet, Meta, and Microsoft. The Invesco QQQ Trust Series 1 (QQQ) is in a resistance zone, and a positive earnings spark could lead to a breakout. Money flows are positive in major tech stocks and ETFs like QQQ and SPY. Meanwhile, oil prices have fallen due to geopolitical tensions, and the Japanese yen is weakening, impacting Japanese stocks.

Portfolio Pulse from The Arora Report

October 28, 2024 | 3:10 pm

JP Morgan CEO Jamie Dimon expressed optimism about the American economy, stating it is still booming. However, he cautioned that inflation may persist longer than expected.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 2:45 pm

The Dallas Fed Manufacturing Business Index for October improved to -3.0 from -9.0 in the previous month, indicating a less severe contraction in manufacturing activity.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 2:31 pm

The article covers various topics including US politics, market movements, and cryptocurrency trends. Key highlights include the tightening race between Harris and Trump, rising Bitcoin and Ethereum prices, and significant movements in the US stock market. Notably, Bitcoin is predicted to reach $90K by New Year's Eve.

Portfolio Pulse from Akanksha Bakshi

October 28, 2024 | 2:13 pm

U.S. stocks are expected to open positively as investors focus on earnings from the 'Magnificent 7' companies, including Apple, Microsoft, Alphabet, Meta, and Amazon. Oil prices have tumbled due to geopolitical tensions, impacting Exxon Mobil and Occidental Petroleum negatively. Delta Air Lines rose after suing CrowdStrike over an IT outage. Rising treasury yields could pose a risk to the market despite strong earnings.

Portfolio Pulse from Rounak Jain

October 28, 2024 | 11:30 am

Oil prices dropped over 6% due to eased supply fears, while U.S. markets closed mixed with the Nasdaq rising. Tesla's positive sales forecast boosted tech stocks, and Nvidia briefly surpassed Apple in market value. Most S&P 500 sectors declined, except for information technology and communication services. Asian and European markets showed gains, and U.S. futures indicated a positive opening.

Portfolio Pulse from Akanksha Bakshi

October 28, 2024 | 11:06 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.