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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

The stock market is looking for a trigger for the next move after a short squeeze in bonds led to a rally in stocks. Apple Inc has recovered after a weak earnings report, which is seen as an indication of investor sentiment. Positive earnings news from Datadog Inc, DR Horton Inc, and NXP Semiconductors NV is driving buying in related stocks. Money flows are positive in Amazon, Alphabet, Meta Platforms, and Microsoft, but negative in Apple, NVIDIA, and Tesla. Money flows are mixed in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

November 07, 2023 | 3:23 pm

California Senator Scott Wiener plans to introduce a revised bill next year to provide regulated therapeutic access to psychedelics, following Governor Gavin Newsom's veto of a broader legalization measure. The new bill, co-sponsored with Assemblymember Marie Waldron, will be crafted in response to Newsom's veto message, which called for regulated treatment guidelines before decriminalization. The bill will focus on providing access to regulated psychedelic therapies administered by licensed and vetted facilitators.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 3:22 pm

Federal Reserve Governor Waller has stated that labor supply appears to be normalizing to pre-pandemic levels.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 3:18 pm

Federal Reserve Governor Chris Waller is speaking at the Beyond the Numbers Conference at the Federal Reserve Bank of St. Louis. The event is being live-streamed on YouTube. The SPY ETF may be mentioned during the event.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 3:15 pm

Federal Reserve Governor Waller has stated that the labor market is cooling and is nearing the average levels seen before the pandemic, indicating a calming down of the market.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 3:13 pm

Marsh & McLennan Companies Inc. (NYSE:MMC) is showing a strong performance with a 146% increase over the last five years, outpacing the 73% return of the SPDR S&P 500 ETF (NYSE:SPY). The company has grown earnings by an average of 18% per year over the last five years and is expected to grow earnings by 11% per year going forward. MMC is also buying back shares with a buyback yield of 1% and offers a 1.5% dividend. The stock is currently trading at one of its lowest P/E ratios in the last five years.

Portfolio Pulse from Cory Mitchell

November 07, 2023 | 1:41 pm

USA's exports have increased to $261.11 billion from the previous figure of $255.44 billion.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:31 pm

U.S. trade imports have increased to $322.66 billion from the previous figure of $314.3 billion.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:31 pm

The US trade balance for September was reported at $(61.5B), worse than the estimated $(59.9B).

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:30 pm

Federal Reserve's Goolsbee has indicated that the current trends are expected to continue. No specific details or changes were mentioned.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:18 pm

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