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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

593.08

Mkt cap

547B

Volume

46M

High

596.65

P/E Ratio

30.00

52-wk high

596.65

Low

593.00

Div yield

0.01

52-wk low

433.40

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

On November 6th, US stock markets closed in green, with Dow Jones, S&P 500, and Nasdaq all seeing gains. However, Asian and European markets dipped, with Japan's Nikkei 225, Australia's S&P/ASX 200, China's Shanghai Composite, and Hong Kong's Hang Seng Index all closing lower. Commodities also traded lower, with Crude Oil WTI, Natural Gas, Gold, Silver, and Copper all seeing declines. US futures were also down.

Portfolio Pulse from Akanksha Bakshi

November 07, 2023 | 1:18 pm

Fed's Goolsbee stated that while financial conditions are important, the market doesn't dictate the Fed's actions. He also mentioned the possibility of a 'golden path' that could bring down inflation without causing a recession.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:17 pm

Federal Reserve's Goolsbee stated that the current path on inflation is good, but not yet complete. The priority for changing the rate stance is the inflation rate.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:15 pm

Federal Reserve's Goolsbee stated that he does not prefer precommitting to what the rates will be at the next meeting as there is still a lot of data to parse. He added that his conditions for the Fed to be done with rates are that we are clearly back on the path to get inflation back to 2%.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:14 pm

Federal Reserve's Goolsbee predicts a possible equal to the fastest drop in inflation in the last century. This could potentially impact the overall market, including ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:12 pm

Federal Reserve's Goolsbee has stated that there is a need to pay attention to inflation, while also noting that the employment side of the mandate is going well. He also mentioned that inflation has come down a lot.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:10 pm

Federal Reserve's Goolsbee stated that the focus should not be on yields, but rather on what's driving them. This statement suggests a shift in the Fed's approach towards understanding the underlying factors influencing yields.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:10 pm

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